Tuesday, March 7, 2017

NGCP seeks P113-B capex allocation

Transmission firm concessionaire National Grid Corporation of the Philippines (NGCP) is seeking regulatory approval for capital expenditures (capex) allocation of P113.427 billion starting this year and stretches beyond year 2020.
In its filing with the Energy Regulatory Commission (ERC),which has been scheduled for hearing March 24 this year, NGCP sought for capital outlay of P89.546 billion for 2017-2020 and additional P23.881 beyond year 2020.

For grid expansion and reliability, the company has applied for P95.75 billion for investment rollout within the specified periods.

The other components of its capex program would be for operations and support to the Wholesale Electricity Spot Market (WESM) at P15.056 billion; non-network ventures at P2.428 billion; and other projects worth P192.10 million.

For grid expansion and reliability, the company has 20 projects on its roll, namely: Relocation of Steel Poles along Hermosa-Duhat 230kilovolt transmission line; Mariveles-Hermosa 500kV Transmission Line Project; North Luzon Substation Upgrading Project; South Luzon Substation Upgrading Project; Luzon Voltage Improvement Projects 3 and 4; Cebu-Negros 230kV Backbone Project- Stage 3; Panitan-Nabas 138kV Line 2 Project; Tagbilaran 69kV Substation Project; and Visayas Voltage Improvement Project.

The others are Baloi-Kauswagan-Aurora 230kV Transmission Line Project (Phase 2); Mindanao Substation Rehabilitation Project; Mindanao Substation Upgrading Project; Grid Replacement of Primary Equipment Project; Grid Replacement of Secondary Equipment Project; Line Tools and Equipment Acquisition Project; Line Equipment and Structure Installation Project; Line Structure Replacement Project; Spares Acquisition Project; and Acquisition of Test and Measuring Equipment Project.

For operations and WESM support projects, the company has listed at least 23 items, including fiber optic and microwave radio equipment replacement; teleprotection equipment replacement; telecom access and remote management component replacement; power supply and auxiliary equipment replacement; infrastructure and information technology support facilities replacement; and SCADA/EMS (supervisory control and data acquisition/Energy Management System) facilities replacement.

NGCP noted that as transmission service provider, system operator and metering service provider, it is “required to operate the power system in accordance with the Philippine Grid Code and the WESM Rules.”

For non-network projects, it has 21 items on its list; while other projects delve with wood pole and associated replacement program of sub-transmission assets.

The company is moving onward on to its next regulatory reset under the performance-based setting of allowable revenues which will then be translated into its per kilowatt hour charges to customers.

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