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Gov't may retake control of NGCP - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld April 28, 2021 | 12:08 am Reporter PRIVATELY owned National Grid Corp. of the Philippines (NGCP) said on Tuesday that it had not fully entered into a âfirmâ contract to buy reserve power, leaving the Energy department hanging after its call days earlier for such ancillary services to be fully contracted ahead of the summer months. Even though the grid system operator wanted to contract on a firm basis, the supply was not there, said Ronald Dylan P. Concepcion, NGCP special counsel for legal and regulatory affairs, during the virtual hearing called by the Joint Congressional Energy Commission. âA reserve can only be procured if there is sufficient supply of power. If there is no supply provided by generation companies, there is no reserve or there is no ancillary services to be procured,â Mr. Concepcion said. ....