State financing eyed to fast-track transmission projects

According to the DOE Secretary, “the pace and scope of the transmission lines that are needed to bring into line the renewables, in accordance with the targets set, would require the concessionaire to invest the needed amounts and according to the pace that these require. But then, we have seen that the private concessionaire has not always been able deliver that...

The energy chief indicated that the rollout and installation of transmission facilities must judiciously correspond to the development of power plant projects, primarily the new capacities being pushed in the RE sector, including those in the nascent offshore wind industry because these can generate gigawatt-scale capacities that could eventually support the economic growth aspirations of the country.

That critical step to be taken by the State, he said, “will resolve transmission congestion, especially between Luzon and Visayas grids, whether by adding transmission lines or avoiding subsidies that cause the build-up of excess capacity.” He highlighted that “the pace and scope of the transmission lines that are needed to bring into line the renewables, in accordance with the targets set, would require the concessionaire to invest the needed amounts and according to the pace that these require. But then, we have seen that the private concessionaire has not always been able deliver that.”

Lotilla pointed out that any financing tapped by the government or injected by third parties “should not form part of the capital assets of the concessionaire – so these should be separated within the context of the concession agreement, it means therefore that can charge for operating.”

Source: Energy Industry News (energyindustrynews.net)

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