The National Grid Corp. of the Philippines (NGCP) has secured the regulator’s nod to collect P212.5 million from power consumers in Luzon and Mindanao so that it can rehabilitate the transmission facilities damaged by typhoons and bombings.
The National Grid Corp. of the Philippines, operator of the country’s electricity superhighway, is investing P12 billion for 2013 alone to fund the construction and installation of critical transmission and substation projects across the country.
The National Grid Corp. of the Philippines has received the Energy Regulatory Commission’s nod to raise its maximum allowable revenues (MAR) to P42.9 billion from the P40.35 billion that was “provisionally approved” by the regulator early this year.
