![]() For Visayas, the three-stage implementation of transmission backbone from Cebu to Panay Island will ensure full dispatch of both conventional and renewable energy based power plants. Furthermore, the power grid in the island of Mindoro will be interconnected to the Luzon grid through Batangas. ![]() They will complement the establishment of a transmission loop with additional drawdown substations within Metro Manila. While reducing the cost of electricity is vital to improving the competitiveness of industries and encouraging private sector investments, there should be a balance between the rates, service reliability, and the environmental implications of the different technologies utilized.An optimal energy mix is needed to provide maximum benefits at the most reasonable costs to consumers while safeguarding the sector from external shocks.-Harmonize the transmission development plan with renewable energy targets, and address potential grid reliability concerns with the scaling of variable renewable energy resources.-For Luzon, the transmission network will be improved to support power generation capacity additions in the Quezon, Bataan, and Zambales areas. It contains seven main parts, which include an overview of the economy, development challenges that lie ahead, and development strategies thoroughly articulated through chapters on Enhancing the Social Fabric, Inequality-Reducing Transformation, Increasing Growth Potential, Enabling and Supportive Economic Environment, and Foundations for Inclusive and Sustainable Development. The Plan aims to provide a solid foundation for inclusive growth, a high-trust society, and a globally-competitive knowledge economy. ![]() The PDP also takes off from the Administration’s 0-10 point Socioeconomic Agenda and is informed by inputs from the cross-section of stakeholders and the general public. The Philippine Development Plan (PDP) 2017-2022 is the first medium-term plan to be anchored on a national long-term vision, or AmBisyon Natin 2040, which represents the collective vision and aspirations of Filipinos for themselves and for the country. ![]() The National Economic and Development Authority (NEDA) Board officially approved the Philippine Development Plan 2017-2022 on Februat Malacanan Palace. ![]()
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