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TransCo to diversify into telecom, power generation

TransCo President Melvin A. Matibag told reporters that he will pursue these business interests for the state-owned firm by seeking a new Charter for TransCo that shall be detached from the Electric Power Industry Reform Act (EPIRA) – and subsequently, it shall rename the company into National Transmission and Telecommunications Corporation.

Matibag also emphasized that “if you will look at the EPIRA Law, it says that the transmission sector will need to source for ancillary services, and it did not say that TransCo is prohibited from engaging in it.”

 

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