ERRATUM
National Grid Corp. of the Philippines, a privately owned corporation in charge of operating the country’s power grid, said its approved maximum allowable revenue (MAR) this year is P43.08 billion.
Jennifer M. de Jesus of the Corporate Communications and Public Affairs Department of the NGCP, said while the interim MAR being applied for in 2016 is P45.3 billion, this would not translate to an increase in effective transmission rates.
NGCP is a consortium that holds the 25-year concession contract to operate the country’s power transmission network.
It is comprised of Monte Oro Grid Resources Corp. of businessman Henry Sy Jr., Calaca High Power Corp. of Robert Coyiuto Jr. and State Grid Corp. of China as technical partner.
NGCP’s highly regulated transmission rates are used to invest in priority projects that will improve the reliability of power transmission services in the country. Most recently energized was the San Esteban-Laoag 230-kV line, which allows power from renewable as well as conventional energy sources in the north to flow freely to the Luzon grid.
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