by Myrna Velasco February 3, 2016
System operator and transmission
service provider National Grid Corporation of the Philippines (NGCP) is seeking
regulatory approval on the disbursement of its programmed capital expenditure
of P8.051 billion this year.
The pipelined capital outlay covers infrastructure
upgrade projects, asset acquisitions; as well as for maintenance and
replacement of transmission lines and equipment.
The company indicated that it is
seeking the Energy Regulatory Commission’s (ERC) immediate go-signal “to avoid
disruption of operation and non-compliance with its mandate.”
In particular, it prays that it be
granted provisional authority to implement its planned capex projects for the
year.
The ERC has scheduled public hearing
and presentation on this application on April 2 this year.
The third regulatory reset of the
transmission firm under performance-based regulation (PBR) lapsed December this
year.
And while NGCP has yet to file its
fourth PBR reset, it has been batting for implementation of projects that could
keep its service on tip-top condition.
“NGCP has yet to undergo its
regulatory reset for the 4th RP (regulatory period) as it is still awaiting the
Commission’s paper to guide NGCP in the submission of its 4th RP application,”
the company said.
It qualified that notwithstanding
the absence of final determination on its maximum allowable revenue at this
time, the company is still mandated “to ensure and maintain the quality,
reliability, security, stability, and integrity of the nationwide grid.”
Among the projects it cast to
implement this year are the Tiwi substation upgrading project; Naga substation
upgrading project; Clark-Mabiga 69-kilovolt (kV) transmission line project;
Bataan 230 kV grid reinforcement project; and the Hermosa-San Jose 500kV
transmission line project.
For the assets acquisition, the
company noted that these would support load growth in various identified areas.
The others on its project roster are
the installation, rehabilitation, replacement, and acquisition of spare high
voltage equipment as well as protection and secondary devices.
NGCP will also need to procure test
and maintenance equipment, transmission line maintenance; improvement of
substation facilities, and non-network assets, among others.
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