By Danessa O. Rivera (The
Philippine Star) | Updated December 16, 2015 - 12:00am
MANILA, Philippines – The National
Grid Corp. of the Philippines (NGCP) is allotting over P8 billion in capital
expenditures for project expansions and upgrades as well as operational
expenses in 2016.
In a petition to the Energy
Regulatory Commission (ERC), the NGCP proposed a capex budget of P8.05 billion
for next year.
The grid operator said the 2016
capex would be spent on new and expansion projects, as well as the acquisition
of transmission lines.
Of the proposed amount, P708.79
million would be allotted for the long-duration system expansion and upgrade
projects.
This covers portions of the Tiwi
Substation upgrading project, the Naga Substation upgrading project, the
Clark-Mabiga 69-kilovolt (kV) project, the Battan 230-kV grid reinforcement and
the Hermosa-San Jose 500-kV project.
Meanwhile, NGCP allotted P5.03
billion for short duration projects, such as maintenance and replacement of
transmission line and equipment; revenue metering expansion, maintenance,
replacement and compliance with the Wholesale Electricity Spot Market (WESM);
telecommunication and SCADA maintenance and expansion; and corporate infrastructure,
security and information technology.
The balance of P2.32 billion was
budgeted for the acquisition of assets, which is still pending approval with
the ERC.
These include CEDC-VECO’s Colon
138-kV line; the Calung-Caling 138 kV double circuit transmission line and
other associated assets; the New Salong 230-kV Substation and Salong Calaca
230-kV line; Ingore CTS, Ingore-Sawang 138-kV submarine cable, Sawang CTS and
Sawang Zaldivar Substation; and the CIP II Substation, Bacnotan-Mabanengbeng
Lines 1 and 2 and the Mabanengbeng-Holcim 69-kV Line.
NGCP is a privately-owned
corporation in charge of operating, maintaining, and developing the country’s
power grid.
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