System operator National Grid Corporation of the Philippines (NGCP) sought collaboration with the industry stakeholders, primarily with the Department of Energy (DOE), on its bid to finally resolve issues hounding the country’s power system – including those on reserves, transmission facility...
With less than a year remaining for the Duterte administration, the Department of Energy (DOE) has named new Undersecretary Astravel “Astra” P. Naik, but whose function has not been clearly defined yet or laid down by the agency. In an in initial statement of the DOE on Wednesday (July 28), it...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has already collected P653.218 billion, out of the P911.040 billion proceeds that the government fetched from the divestment of National Power Corporation’s power generation and transmission assets. That level of...
State-run National Transmission Corp. (Transco) plans to remit the company’s entire profit to the government’s coffers to help fund the country’s coronavirus response programs, the Department of Finance (DOF) revealed. In a statement, the finance department said on Tuesday, July 13, that...
State-run National Transmission Corporation (TransCo) has warned that the feed-in-tariff allowance (FIT-All) fund could be depleted, adversely impacting the financial viability of the beneficiary-renewable energy (RE) firms. TransCo President and CEO Melvin A. Matibag In a virtual conference...
State-run National Transmission Corporation (TransCo) has topped the list of government-owned and controlled corporation (GOCCs) in terms of heftiest remittance to the national government with its P8.32 billion worth of dividends. The company said its dividend turnover to the national treasury...
The National Power Corp. (Napocor) and the National Transmission Corp. (Transco) are planning to add more power capacity, transmission lines, and substation facilities this year to provide electricity to unserved households. In a report to Finance Secretary Carlos G. Dominguez III, the...
