POWER V

The project forms part of the Government's four-year infrastructure program, of which public investments in power is the second largest (after transportation), accounting for about $200 million or 18 percent of the total. The project consists of the construction of a thermal unit of 150 MW, three 75-MW transformers and ancillary equipment on the Bauaan peninsula; 24 substations and 1,400 km of transmission lines in Luzon; and consultant services for the final design and supervision of construction, the preparation of a long-term plan for the expansion of the Luzon grid, feasibility studies for further hydroelectric projects in Luzon and technical assistance to NPC.