Manila Standard Today
by Alena Mae S. Flores
National Grid Corporation of the Philippines has allocated capital expenditures of P14.3 billion, slightly lower than the 2011 investment of P15.3 billion, to improve and maintain the country’s power transmission highway.
“Looking forward, I see 2012 as another challenging year for us, with our many projects lined up to further improve the operation and management of the Philippine transmission backbone. Needless to say, NGCP’s continuous evolution, reformation and improvement will require our sustained commitment, dedication and hard work,” National Grid president and chief executive Henry Sy Jr. said in a statement.
Sy said 2012 would be another challenging one for National Grid, with bigger expansion and efforts to build a strong and smart power grid.
Among the projects lined up for the year are the San Esteban-Laoag 230-kilovolt line, Magapit Capacitor Project, Binga-San Manuel 230-kv line upgrading, Dasmarinas EHV substation expansion and the Tayabas 500-kV substation expansion.
National Grid chief finance officer Nanette Bugnosen, meanwhile, said the company completed three new substations, 106 maintenance projects, including 69 slope protection, 22 anti-fire, 9 transmission line comprehensive maintenance and 6 rehabilitation activities, and the installation of 54 towers and 2,044 steel poles across the country last year.
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