Transco sells subtransmission assets worth P5B
By Amy R. RemoState-run National Transmission Corp. (Transco) has sold P5.3 billion worth of subtransmission assets to various power distribution companies in line with its privatization program.
State-run National Transmission Corp. (Transco) has sold P5.3 billion worth of subtransmission assets to various power distribution companies in line with its privatization program.
Manila Electric Co., the country’s biggest power distributor, has secured regulatory approval to acquire eight subtransmission assets owned by the government through the National Transmission Corp. (Transco) for P85 million.
State-run National Transmission Corp. (Transco) has requested the Pilipinas Para sa Pinoy (PPP) to present documents that would support the right-of-way claims of the 87 landowners in Mindanao that it was representing.
State-run National Transmission Corp. (Transco) has sold to date about P5.3 billion worth of subtransmission assets to qualified power distribution utilities since it began its privatization program in 2004, according to the Energy Regulatory Commission.
MANILA, Philippines—State-run National Transmission Corp. (Transco) has sold P4.08 billion worth of subtransmission assets to qualified power distribution utilities, since it began its privatization program in 2004. As of April 30 this year, Transco has signed 83 sale contracts with 66 distribution utilities, electric cooperatives (ECs) or consortia, according to the 18th Status Report on [...]
