TransCo said in a statement over the weekend the island interconnection would benefit all consumers in the country as FICELCO would no longer need subsidies under the universal charges for missionary electrification.
“It is our privilege to become instrumental in empowering and stabilizing power in our small islands. We are one with the energy family in addressing the inadequate, unreliable, and costly power supply and delivery system,” said TransCo president Melvin Matibag.
The agreement for the construction and installation of 69-kV sub-transmission submarine electric cable lines from Presentacion/Caramoan, Camarines Sur, to Codon, Catanduanes was signed on April 30.
Under the agreement, TransCo will conduct the feasibility study, including hydrographic analysis for the engineering design of the Catanduanes Island Interconnection to Luzon Grid.
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