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

NEWS RELEASE

2 June 2005

VALUATION OF TRANSCO'S ASSETS UNDERWAY

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.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>



REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>



Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>



ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>


Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>