National Grid Corp. of the Philippines (NGCP), controlled by Henry Sy Jr. and Robert Coyiuto, Jr., wants to develop the Camarines Sur-Catanduanes interconnection project (CCIP), estimated to cost around P9.5 billion.
NGCP sought approval from the Energy Regulatory Commission for interconnection to support the load growth and demand of the Catanduanes Island.
Under the proposed project, NGCP will lay down submarine cables and install overhead transmission lines.
NGCP will also construct the 230 kv Naga-Presentacion kV transmission line and four 69 kV transmission lines and six 69 kV substations.
According to NGCP, peak demand in Catanduanes has grown to 15 megawatts in 2020 as against supply of only 10.18 MW.
“The implementation of a long-term solution for a reliable and competitive power supply must commence as early as possible. Considering that NGCP needs 48 months to fully complete the CCIP, the implementation must commence immediately. Thus, the prayer for the issuance of provisional authority,” the company said.
“NGCP’s mandate is to ensure that all capacities are capable of being delivered to load centers across the Philippines. It is important that we remain ahead of the curve by ensuring that lines are more than capable of delivering incoming power. NGCP is dedicated to doing its part in ensuring energy stability and resiliency, by making sure the power highways are always ready,” the country’s grid operator said.