Start of napocor privatization when the national power corporation ( napocor ) was created in 1936, our authorities has mandated it to bring forth and convey beginnings of energy while allowing the private sector to be in charge of its distribution. The national transmission corporation (transco) is a philippine government corporation created in 2001 by the electric power industry reform act currently operating the nation's power grid it assumed all of napocor's substation and transmission assets.
The national transmission corporation (transco) as owner of the transmission facilities, it assumed all of national power corporation's (napocor) substation and transmission assets today, it is involved in monitoring ngcp's compliance with the standards set by the relevant laws and also in charge of administering the fit to renewable power.
The power sector assets and liabilities management corp, in charge of napocor's privatization, originally sought to start the privatization of the power transmission assets by june because of the need to amend the current power law, however, the sale will be delayed by several months and is now unlikely to start before the end of the year.
The national power corporation (filipino: pambansang korporasyon sa elektrisidad, also known as napocor, npc or national power), is a philippine government-owned and controlled corporation that is mandated to provide electricity to all rural areas of the philippines by 2025 (known as missionary electrification), to manage water resources for power generation, and to optimize the use of other power generating assets. Workers expressed resistance to the napocor privatization due to: fear of separation unemployment difficulty of obtaining alternative employment uncertainty about future pay or compensation fear of decline in real employee earnings dislike of changes in type of work after privatization dislocation of transfer of job location and uncertainty of union status.