NGCP plans to invest up to $9 B (P463 B) in next 10 years
Philippines: National Grid Corporation of the Philippines (NGCP) targets to invest up to $9 B (P463 B) in the next 10 years to improve the country’s power transmission backbone.
Philippines: National Grid Corporation of the Philippines (NGCP) targets to invest up to $9 B (P463 B) in the next 10 years to improve the country’s power transmission backbone.
It said the projects in the pipeline, which include alternative transmission corridors and the development of resiliency policies for power transmission facilities, are detailed in its transmission development plan.
NGCP said it is on-track to complete the Mindanao-Visayas interconnection project (MVIP), which is considered as the largest energy infrastructure in the history of the country.
In the coming years, the company said it is set to complete more projects, including the 500 kV substation projects in Taguig and Marilao; and the 230 kV substation projects in Pasay, Navotas, and Antipolo. These substations will cater to the load growth of Metro Manila.
NGCP is also set to complete the Cebu-Bohol 230 kV interconnection project that will accommodate the load growth and provide reliability of Bohol Island; and the Nabas-Caticlan-Boracay interconnection project that will cover the load growth and provide reliability of the Boracay Island. It is also committed to finish the Visayas voltage improvement project to boost the power quality in the area.
In Mindanao, it is targeting to complete the 230 kV backbone project that will upgrade the southern region’s transmission capacity and secure the reliability of power transmission services in the area. It is also upgrading the island’s substation to increase the capacity and improve power quality. The 138 kV Kabacan substation project is expected to help in ensuring power reliability in south western Mindanao.
Source: Business World