THE Energy Regulatory Commission (ERC) has given provisonal approval to the capital expenditure (capex) program of the National Grid Corporation of the Philippines (NGCP) for this year. The NGCP application covers P113.4 billion in capital expenditure for 2017 to 2020, but the ERC only approved the P5.5 billion capex for 2017. “The commission needs to study further the propriety of the capex projects and their corresponding costs for the years 2018 up to 2020. Fifty-eight projects out of the sixty-five 65 proposed by NGCP were found to be urgent and crucial to ensure continuous, efficient and reliable electricity supply, according to the ERC. An ERC evaluation also found that the proposed capex of P113.4 billion included expenditures beyond 2020.

Source: Manila Times March 17, 2017 17:15 UTC