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Friday, March 29, 2024

NGCP invests P300 billion to boost transmission highway

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National Grid Corp. of the Philippines said Thursday it has invested P300 billion to ensure the reliability of the country’s transmission highway since it took over operations from the government.

NGCP said it invested around P23 billion annually compared to the P4-billion investment of National Transmission Corp. from 2003 to 2008 totaling P33 billion.

The company rolled out 3,729 circuit kilometers of new transmission lines, 31,190 megavolt amperes of substation capacity installations with 28 new substations and installed capacitors and reactors nationwide.

NGCP said it also reduced transmission outages by 77 percent amid a more stable transmission frequency and more stable transmission voltage.

“More communities, offices, schools, and homes benefited from lower rates, better services, and more robust facilities with NGCP at the helm,” the company said.

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NGCP reacted to the statement of Malacanang to “take back control” of the transmission firm, if necessary.  NGCP was granted a franchise to operate the country’s transmission network in 2009.

“We have faith in the legal process and we will continue to comply with all lawful directives, and pursue our mandate faithfully,” the company said.

Malacanan supported Senator Raffy Tulfo’s move to access the performance of NGCP, including security issues.

“NGCP is fully cognizant that its franchise is a privilege granted to it by government. We remain ready to answer any and all questions raised concerning how we do business,” the company said.

“We are confident that the improvements we have introduced and the P300 billion we have invested to strengthening the transmission system will be recognized,” it said.

The company said that from 2009 to 2022, it completed 56 projects including the following: the Mariveles-Hermosa 500kV Transmission Line, expanding the transmission capacity in the area to accommodate more than 2,500 megawatts of generation from the Bataan Peninsula; the Luzon Voltage Improvement Projects Stages 1, 3, and 4, which provided additional MegaVolt Ampere capacity to boost voltage; the San Jose-Quezon 230kV Transmission line 3 project, widening the power corridor serving Metro Manila; and the Pagbilao 500kV Extra High Voltage Substation, which accommodated the connection of around 1,420MW from power plants in Quezon province.

For the Visayas, NGCP energized its Cebu-Negros-Panay 230kV Backbone Stage 1, interconnecting Cebu, Negros, and Panay for faster and more efficient power sharing; the Ormoc-Babatngon 138kV Transmission Line, reinforcing power transmission delivery in the Leyte and Samar provinces; the Calong Calong-Toledo-Colon-Cebu 138kV Transmission Line, constructed to create an N-1 system between Negros and Panay grids; and the Bohol 138kV Backbone Line, which solved the overloading condition and provided a more stable and reliable transmission network in Bohol.

In Mindanao, the company completed the Maramag-Bunawan 230kV Transmission Line, the first 230kV transmission line in the region; the Villanueva-Maramag 230kV Transmission Line, linking northern and southern Mindanao; the Aurora-Polanco 138kV Transmission Line, which mitigated voltage fluctuations in Zamboanga del Norte all the way to Misamis Occidental. 

NGCP also successfully energized the P52-billion Mindanao-Visayas Interconnection project—a landmark undertaking connecting the power grids of Visayas and Mindanao. The MVIP will provide a more reliable and sustainable transmission service as well as promote energy resource sharing.

NGCP’s Transmission Development Plan details its priority projects to improve transmission backbones and alternative transmission corridors, and to develop resiliency policies for power transmission facilities.

The company said it is set to complete more projects in 2023, particularly critical projects such as the Hermosa-San Jose 500kV Transmission Line Project, Cebu-Negros-Panay Stage 3 Backbone Project, Nabas-Caticlan-Boracay Transmission Line Project, Cebu-Bohol Interconnection Project, and commence new projects approved by the Energy Regulatory Commission such as the Batangas-Mindoro Interconnection Project.

NGCP is a Filipino-led, privately owned company in charge of operating, maintaining, and developing the country’s electricity transmission grid, led by majority shareholders and vice chairman of the board Henry Sy Jr. and co-vice chairman Robert Coyiuto Jr.

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