MANILA, Philippines – State-owned National Power Corp. (Napocor) and the National Transmission Corp. (Transco) are looking to add 45.31 megawatts of power capacity, 71.3 circuit kilometers (km) of transmission lines and build 45.0 MVA substation facilities this year to provide electricity to some 30,000 unserved households, the Department of Finance (DOF) said.
In a report to Finance Secretary Carlos Dominguez III, Napocor said it will also add 11 Small Power Utilities Group (SPUG) plants providing 24/7 electricity to unserved areas, as part of its missionary electrification project in 2021.
As of end-2020, Napocor said that 1,080,242 households in missionary areas already have electricity while 473,845 remained unserved.
Despite the work suspensions due to several powerful typhoons and the COVID-19 pandemic last year, Napocor said it was able to surpass its 2020 target of providing electricity to unserved areas by 8,587 households for increase in operations and 2,433 households for new areas.
Napocor said it plans to narrow this gap this year by providing electricity to 28,972 households, which will cut its backlog on unserved areas to 444,873 households.
Meanwhile, the DOF said that Transco targets to complete the power development plan (PDP) for the interconnection of unserved and underserved island municipalities this year.
“It is expected to come up with the studies and plans that will provide the general framework for the interconnection, by the end of the year,” the DOF said in a statement.
The department added that Transco also eyes to complete its PDPs for the Palawan island grid and implement the PDP for the Cagayan Economic Zone Authority this year.
As of September 2020, Transco’s current assets amounted to P10.59 billion, up by 20 percent from the previous year’s record of P8.83 billion. Its total assets–comprising receivables, trust assets, plants, and equipment—dropped 2.8 percent from P326.39 billion in 2019 to P325.31 billion in 2020.
Transco reported budgetary savings of P503.86 million in 2020, with the bulk of its unspent funds coming from unrealized capital expenditures of P360.12 million. The firm collected P108.96 million in right-of-way (ROW)-related capital expenditures last year and filed 76 expropriation cases.
As of end-2020, Transco’s cash and investment balance amounted to P1.22 billion.
Preliminary data show that Transco has identified around P31.18 million from discontinued, deferred, or reduced programs and activities for COVID-18 related expenditures and disbursed P24.16-million of this amount, the DOF said.