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Transmission operator National Grid Corp. of the Philippines said over the weekend the delayed approval of its cost recovery may affect future power transmission projects.
“We are in the middle of the fifth regulatory period. NGCP has been waiting a long time, and we are hopeful that whatever will be the decision will be fair and will encourage investors,” Alabanza said. She said some of these projects needed regulatory approvals before they could proceed. “If we are given full support, you can see we can do more,” Alabanza said.
President Marcos said the recently-completed transmission project attests to the power of collaboration between the public and the private sectors towards a stable, reliable and resilient power supply for the country.
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