December 10, 2013

NGCP repairs 2/3 of transmission lines toppled by supertyphoon reported that the National Grid Corp of the Philippines (NGCP) said repair works are progressing ahead of schedule. As of November 28, NGCP has brought back online five out of eight major 138-kiloVolt (kV) transmission lines that deliver power to Leyte and Samar provinces.

It also restored 14 69-kV transmission lines that deliver power to 13 electric cooperatives in Leyte, Samar and Panay Island. In all, NGCP said it has restored 72% of the entire Visayas load. Based on their assessment, typhoon Yolanda damaged more than 2,000 structures of 34 transmission lines and 34 substations in the Visayas region.

Our take: This indicates that the government’s aim to fully restore electricity in the areas affected by the typhoon by Christmas day seems to be achievable. This should bode well for power generation companies like Global Business Power and EDC which can resume supplying power. However, it remains to be seen if there will be no disruptions among the distribution utilities and electric cooperatives in the region which also suffered heavy damages from the calamity. – WealthSec