Company Overview of National Grid Corporation of The Philippines
National Grid Corporation of The Philippines is a power system operator and transmission service provider. The company operates, maintains, and develops state-owned power grid, an interconnected system that transmits gigawatts of power at thousands of volts. Its functions include operations and maintenance, system operations, and planning and engineering. The company was incorporated in 2008 and is based in Quezon City, the Philippines.
Quezon Avenue corner BIR Road
Founded in 2008
Key Executives for National Grid Corporation of The Philippines
Chief Executive Officer and President
Chief Administrative Adviser and Chairman of Board Audit Committee
Vice President of the Department of International Cooperation of the State Grid Corporation of China and Director General of the Department of International Cooperation of the State Grid Corporation of China
Compensation as of Fiscal Year 2016.
National Grid Corporation of The Philippines Key Developments
National Grid Corporation of the Philippines Secures Regulatory Approval to Develop PHP 3.3 Billion Transmission Line Project
May 25 15
National Grid Corporation of The Philippines has secured regulatory approval to develop a PHP 3.3 billion transmission line project that will accommodate the entry of a new 600-megawatt (MW) coal plant in Zambales. The Energy Regulatory Commission (ERC), in a decision released recently, authorized NGCP to implement the first stage of the Western Luzon 500- kilovolt (kV) Backbone Project. The project will involve the construction of a new 500 kV transmission line from Castillejos in Zambales to Hermosa in Bataan; and the expansion of the existing 230 kV Hermosa substation. The project will accommodate the full 600-MW capacity of Redondo Peninsula Energy Inc.'s plant in Zambales and facilitate the direct delivery of power to the Hermosa substation. The ERC said capital investment for the transmission facility that will handle the plant's output amounts to PHP 3.305 billion. The contract to supply materials needed for the project will be assigned to qualified suppliers and contractors via a competitive bidding process.
THE NATIONAL Grid Corporation of the Philippines Plans to Invest PHP 1.6 Billion to Upgrade Transmission Facility in Cebu
Apr 15 15
THE NATIONAL Grid Corporation of the Philippines plans to invest PHP 1.6 billion to upgrade a transmission facility in Cebu that forms part of a broader Visayan backbone project. The grid operator sought the Energy Regulatory Commission's approval to implement the Cebu substation 230 kilovolt (kV) upgrade project. The project - estimated to cost about PHP 1.636 billion - represents the second stage of the PHP 12.945 billion Cebu-Negros-Panay (CNP) 230 kV backbone project. This involves expansion works at the Cebu substation, specifically the upgrading and extension of existing transmission lines. The company announced that project implementation will take around 28 months, including the topographic and geological survey, preparation of bid documents, procurement process and actual construction. It added that the project will accommodate Therma Visayas Inc.'s (TVI) 340 MW coal-fired project in Barangay Bato, Toledo City. The project will allow the dispatch of the electricity generated by the power plant, which is due to start commercial operations in 2017. NGCP's CNP project is generally intended to accommodate all additional capacity from new power plants that will be built in the Visayas.Based on the transmission development plan, 10 new power plants with aggregate capacity of 491 MW will be built in the region. The first stage of the project involves the installation of additional submarine cables; construction of overhead transmission lines; and expansion of three substations in the region.
The National Grid Corporation of the Philippines Secures Regulatory Approval to Invest PHP 2.31 Billion for a Transmission Project
Feb 12 15
THE National Grid Corporation of the Philippines (NGCP) has secured regulatory approval to invest PHP 2.31 billion for a transmission project that will connect a new 600-megawatt (MW) coal-fired power plant in Davao del Sur. In a decision released, the Energy Regulatory Commission (ERC) approved the grid operators Malita-Matanao 230-kilovolt (kV) transmission line project. The project will involve the construction of a new 230-kV line, as well as the development of a new 50-megavolt ampere Malita substation and expansion of existing Matanao substation. The approved cost for the project is PHP 2.31 billion - lower than the PHP 2.38 billion initial estimate of NGCP, as the ERC excluded a power circuit breaker and transformer that were supposed to form part of the project. The transmission project will allow the dispatch of output from San Miguel Consolidated Power Corp’s 600-megawatt coal-fired power plant in Malita, Davao del Sur. The plant is slated for 2016 commercial operations. The ERC further directed NGCP to remit PHP 17.32 million, representing the permit fee for the project.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking
Most Searched Private Companies
Sponsored Financial Commentaries