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NGCP's P20.6-B Ilocos grid project gets ERC approval
The Philippine Star
|December 09, 2024
The National Grid Corp. of the Philippines (NGCP) has secured regulatory approval for the implementation of a major grid development in the Ilocos region worth about P20.65 billion.
In a resolution dated Nov. 26, the Energy Regulatory Commission (ERC) approved NGCP's proposed Balaoan-Laoag 500-kilovolt (kV) transmission line project that will connect La Union and Ilocos Norte.
The transmission line project, the ERC noted, is subject to "optimization based on its actual use and verified expenses incurred during the reset process for the subsequent regulatory period."
This is scheduled for completion by November 2026, according to ERC chairperson and CEO Monalisa Dimalanta.
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