Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


SKM Valuation Of Transco's Assets Underway


2 June 2005


Work has commenced on an important valuation of TransCo's assets in the Philippines.

The National Transmission Corporation (TransCo) is a Philippine Government-owned and controlled corporation that has assumed the electrical transmission functions of the National Power Corporation (NPC) in the Philippine grid.

The valuation is being carried out for regulatory purposes by leading energy consulting firm, Sinclair Knight Merz, in association with Joaquin Cunanan/PricewaterhouseCoopers and Cuervo Appraisers Inc., both from the Philippines.

Sinclair Knight Merz Project Manager, Mike Farr said the Project involves an international team of more than 20 SKM engineers and support personnel sourced from Australia, the United Kingdom and the Philippines.

Many of these engineers will be based in Manila for varying durations over a period of about four months.

"This is the first external re-valuation of TransCo," Mr Farr said.

"In winning the Contract, the SKM team beat off an international field of competing bidders from Australia, the UK and other parts of Europe," he said.

"This is a strategic project that will further establish SKM in the emerging Asian deregulated electricity supply industry," he added.

Sinclair Knight Merz is a long established independent, employee owned project delivery organisation with more than 4000 staff in offices in major business centres across the globe.

TransCo is responsible for the planning, construction, operation and maintenance of high voltage transmission facilities across the Philippines including those of grid interconnections, as well as the provision of ancillary services.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>