Systems operator National Grid Corporation of the Philippines is seeking regulatory approval for it to recover the full cost it invested to complete and energize two major transmission line projects.At a press briefing in San Juan City on Wednesday, NGCP spokesperson Cynthia Alabanza disclosed that the grid operator’s total investment for the Mariveles-Hermosa-San Jose and the Cebu-Negros-Panay transmission lines reached P87.9 billion.
“I hope the consumers will understand. Like sari-sari stores, you will not sell at a loss,” she added.“Our call is that apart from the interest of consumers, we also seek that the need of investors for a fair regulation and recovery for our projects will be considered,” the NGCP official said.
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