The National Transmission Corporation (TransCo) has announced plans to construct transmission facilities for renewable energy (RE) that are not yet identified under the Transmission Development Plan (TDP), prepared by the National Grid Corporation of the Philippines (NGCP).
This is expected to be mandated by an Executive Order (EO). Further, as per the EO, TransCo will build and tap public-private partnerships (PPP) for financing transmission facilities which are not included in the TDP, specifically for RE.
Additionally, the company is also exploring different options of financing for the targeted transmission projects that will be strategically installed for renewable facilities – including the offshore wind farm (OWF) projects.