NGCP invests P6.47bin substation projects

By Alena Mae S. Flores – June 19, 2023, 6:35 pm
from manilastandard.net

Transmission operator National Grid Corp. of the Philippines said Monday it invested P6.47 billion in substation improvements.

NGCP said it continued to upgrade its substation facilities nationwide to ensure the power grid’s optimal performance.

The company said these improvements were filed with the Energy Regulatory Commission and were implemented from 2016 onwards, but had not yet received provisional approval from the regulator.

NGCP said it proceeded with the implementation of these projects given the operational need and set aside for later, the issue on recovery approvals from the ERC.

“Our priority has and will always be doing what is best for the public. Financial considerations can take a back seat and be threshed out later,” the company said.

“We hope to correct the impression that the consumers are somehow shortchanged with how rates are computed. Our commitment has never wavered: we serve the public, and we work within the legal and regulatory framework of our concession and franchise,” NGCP said.