NGCP to submit capex for 4th regulatory period for 2016-20 program in May

By , on March 11, 2017


This as the National Grid Corporation of the Philippines (NGCP) is set to submit before the Energy Regulatory Commission (ERC) the fourth regulatory period capital expenditure program covering the five-year period 2016 to 2020 in May. (Photo: National Grid Corporation of the Philippines (NGCP)/ Facebook)
This as the National Grid Corporation of the Philippines (NGCP) is set to submit before the Energy Regulatory Commission (ERC) the fourth regulatory period capital expenditure program covering the five-year period 2016 to 2020 in May. (Photo: National Grid Corporation of the Philippines (NGCP)/ Facebook)

SUBIC BAY FREEPORT ZONE–The bid to further improve power connection in the Visayas and Mindanao will get further boost by May 2017.

This as the National Grid Corporation of the Philippines (NGCP) is set to submit before the Energy Regulatory Commission (ERC) the fourth regulatory period capital expenditure program covering the five-year period 2016 to 2020 in May.

Vicente Loria, NGCP Research and Special Studies Division head, said the national grid operator is on track of the program to connect the Visayas and Mindanao grids by 2020

In his presentation during the Economic Journalists Association of the Philippines (EJAP) seminar held here Saturday, Loria said projects included in the fourth regulatory period were proposed to have an PHP80 billion funding.

“I would like to categorically say that it is still subject to evaluation…. So the final amount is the result of ERC approval,” he said.

Loria hopes that the approval be made within six months, citing that this was the case in the past.

He said that once the two grids are interconnected then it means that the whole country is already connected since the Luzon and Visayas grids have been connected for years now.

He, on the other hand, said that full connectivity in the country will still take time because of its archipelagic environment.

He said a clearer bid is to connect Mindoro island to the Luzon grid followed by smaller islands like Marinduque and Catanduanes.