The results of the first part of an ongoing audit on National Grid Corporation of the Philippines (NGCP) would be out in a few months, the Energy Regulatory Commission (ERC) said.
The commission has tapped Navarro Amper & Co. to conduct the audit, which is focused on the grid operator’s compliance and performance.
“The compliance and performance review is ongoing. It started last January 2021. The report of the consultants will be in June this year,” said ERC Commissioner-in-Charge Floresinda Digal in a text message.
A separate audit on NGCP’s system security would be up for bidding next month, Digal added.
She said the ERC is required to look for private auditors to check into the facilities run by privately led NGCP. “We are a government agency so everything we provide, like consultancy or for any project, should undergo bidding.”
NGCP is owned by a consortium led by Monte Oro Grid Resources Corp. of Henry Sy, Jr., Calaca High Power Corp. of Robert Coyiuto, Jr., and the State Grid Corporation of China (SGCC), which holds a 40-percent interest.
The NGCP earlier said that it “has never resisted any audit,” and it just wants that it be done in accordance with all applicable laws, rules, and regulations, as well as the provisions of its concession agreement and franchise.
It said it would only accept an audit by the ERC because it is the only government audit prescribed by law.
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