Fund administrator National Transmission Corporation (TransCo) has applied for P32.331 billion worth of feed-in-tariff (FIT) subsidy that will be utilized as payment to qualified renewable energy (RE) developers for calendar year 2022.
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.
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.
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 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.