Pursuant to Sections 37 and 77 of Republic Act No. , an Act Ordaining. Reforms in the Philippine Electric Power Industry, otherwise known as the. “ Electric. FIFTEEN YEARS ago, Congress enacted the Electric Power Industry Reform Act ( Republic Act No. , aka Epira), aimed to achieve reliable. Congress of the Philippines Eleventh Congress Third Regular Session REPUBLIC ACT NO AN ACT ORDAINING REFORMS IN THE ELECTRIC POWER.
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InNPC was converted into a stock corporation wholly owned by the government las Republic Act Inits charter was revised by virtue of Republic Actas amended. NPC was granted an authorized capital stock of P 50 billion corresponding lae million shares of stock at P par value, of which , shares were issued equivalent to P The major aspects of the reforms include the 1 restructuring of the entire power industry to introduce competition in the generation sector, 2 change from government to private ownership, and 3 introduction of a stable regulatory framework for the electricity sector.
The EPIRA organized the industry into four alw sectors, generation, transmission, distribution and supply. PSALM was created to take ownership of all existing generation assets, independent power producers IPP contracts, real estate and all other disposable assets, and to assume all liabilities and obligations of NPC.
The EPIRA is working
On the other hand, TransCo was created to take over the electric transmission function of NPC and the responsibility for planning construction eepira centralized operation and maintenance of high voltage transmission facilities including grid interconnections and ancillary services.
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The EPIRA is working | BusinessWorld
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Epira is working
Shortcut for search page. Press esc, or click the close the button to close this dialog box. Today This Week This Month Thursday, 11 October Napocor inaugurates first mini grid in Palawan Friday, 21 September Napocor restores power to Typhoon Ompong affected islands and off-grid areas Thursday, 06 September Napocor remits dividends to the national coffers Thursday, 30 August Napocor terminates water spilling operations at Epida Roque dam.