MANILA, Philippines – Henry Sy Jr.-led National Grid Corporation of the Philippines (NGCP), the country’s power transmission operator, said it will conduct a P19-million feasibility study on the Visayas-Mindanao interconnection project earlier than planned.
NGCP spokesperson and head of corporate communications Cynthia Alabanza shared with media Wednesday, September 18, that the feasibility study was originally scheduled for 2016.
She said they decided to move it to an earlier date to address power deficiency in Mindanao.
Part of the $500-million Leyte-Mindanao Interconnection Project is the installation of submarine cables to link the Visayas and Mindanao grids, which would allow for sharing of reserves between the grids when power supply becomes deficient.
The study will determine whether or not the submarine project is “possible technically.”
“[The project] entails deployment of really complicated ships. There are very few in the world that can go that deep,” explained Alabanza.
The Energy Regulatory Commission (ERC) has approved the feasibility study. It allotted P19 million for its completion.
Alabanza noted that once the feasibility study is finished, ERC will approve the cost of the project itself.
NGCP is a private company owned by a consortium by Sy and State Grid Corp. of China.
NGCP holds a 25-year concession to operate the country’s transmission network taking over from the state-controlled National Transmission Co. in 2008. – Rappler.com