National Grid Corporation of the Philippines
 |
|
| Private company | |
| Industry | Electric utility |
| Founded | January 15, 2009 |
| Headquarters | Quezon Avenue cor. BIR Road, Diliman, Quezon City, Metro Manila, Philippines |
|
Key people
|
Du Zhigang (Chairman) Henry Sy, Jr. (President; 2010 - present) |
| Website | www |
The National Grid Corporation of the Philippines (NGCP) is a private company that created on January 15, 2009 through RA 9511. It is a consortium of 3 corporations, namely Monte Oro Grid Resources Corporation, Calaca High Power Corporation and the State Grid Corporation of China. As the franchise holder, it is in charge of the operation, maintenance and improvement of the Philippine government, state, or National Transmission Corporation-owned national transmission facilities and system, controls the supply and demand of power by determining the power mix through the selection of power plants to put online (i.e. to signal power plants to produce power, as power plants will only produce power or feed their power to the transmission grid when directed by NGCP). As a common carrier, it must provide non-discriminatory access to its transmission system. It is subject to the standards set by the Philippine Grid Code and the Transmission Development Plan. It also updates the daily power situation outlook for Luzon, Visayas, and Mindanao by determining the available capacity, system peak, and gross reserve (all of which are in units of MW or megawatts).
On December 12, 2007, 2 consortia bid for a 25-year license to run the Philippine power grid - privatization of the management of the National Transmission Corporation (TransCo): the consortium of Monte Oro Grid Resources Corp., led by businessman Enrique Razon, comprising the State Grid Corporation of China, and Calaca High Power Corp., WON in an auction conducted by the Power Sector Assets and Liabilities Management (PSALM) Corp. as it submitted the highest offer of $3.95 billion, for the right to operate TransCo for 25 years, outbidding San Miguel Energy, a unit of San Miguel Corporation (bid of $3.905 billion), Dutch firm TPG Aurora BV and Malaysia’s TNB Prai Sdn Bhd. Jose Ibazeta, PSALM president and CEO remarked: “We are very happy about the successful turnout of the bidding for TransCo. PSALM handled the privatization of the government’s transmission business with utmost transparency and judiciousness."
On December 1, 2008, former president Gloria Macapagal-Arroyo signed the RA 9511 which gives it the franchise to operate and maintain the transmission facilities of TransCo.
...
Wikipedia