The Philippines National Transmission Corp (Transco) is planning to invest P36.7 billion ($658 million) on the island of Mindanao’s power development over the next decade.
Some P2.9 billion ($52 million) is set aside for north eastern Mindanao, P3.9 billion ($70 million) for south western and north western each, P1 billion ($18 million) for north central and P1.6 billion ($27 million) for the Lanao area.
An additional 4,436 km of transmission lines are also planned over the decade.
Of the three major Philippine islands, Luzon has the largest investment planned with P81.5 billion ($1.4 billion), Mindanao second and Visayas third with P30.3 billion ($550 million).