National Transmission Corporation
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| State-owned | |
| Industry | Electric utility |
| Founded | June 8, 2001 |
| Headquarters | Power Center, Quezon Avenue corner BIR Road, Diliman, Quezon City, Metro Manila, 1101 Philippines |
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Key people
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Atty. Melvin A. Matibag (President and CEO) |
| Website | www |
The National Transmission Corporation (TransCo) is a Philippine government-owned and controlled corporation created in 2001 by the Electric Power Industry Reform Act (Republic Act/RA 9136) and a corporate entity wholly owned by the Makati-based Power Sector Assets and Liabilities Management (PSALM). It is the owner of the National Transmission System that is being operated, maintained, and constructed (for transmission projects since 2009) by the National Grid Corporation of the Philippines (NGCP). As owner of the nation's transmission facilities, it assumed all of National Power Corporation's substation and transmission assets. Today, it is involved in monitoring NGCP's compliance with the standards set by the relevant laws and also in charge of administering the FIT to renewable power generators. At their freeport/economic zone branches, it owns and operates all distribution facilities and provider of power on all economic and freeport zones and its nearby barangays within its vicinity in the Philippines.
TransCo was previously an integral part of the state-owned National Power Corporation created under the Electric Power Industry Reform Act which describes TransCo as its "crown jewel", as a step to privatize the nation's electric industry.
TransCo has been separated from Napocor since March 1, 2003. Its transmission lines links various power plants, distribution utilities (such as Meralco), another TransCo/NGCP substation, and electric cooperatives all over the Philippines.
On June 2005, TransCo received recognition field of Corporate Governance from the Institute of Directors.
On January 2006, TransCo wrote a history by bagging the Philippine Quality Award Recognition for Commitment to Quality Management.
The Arroyo administration has been recently criticized for conducting nontransparent and biased bidding of the nations critical power grid operator by manipulating the bidding process. Petitions were filed to the supreme court by some bidders who were barred from bidding despite being qualified enough.
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Wikipedia