National Power Corporation

National Power Corporation

Pambansang Korporasyon sa Elektrisidad NAPOCOR/NPC
Corporate headquarters of NAPOCOR/NPC
Agency overview
Formed	November 3, 1936; 87 years ago (1936-11-03)
Headquarters	Power Center, Quezon Avenue corner Senator Miriam P. Defensor-Santiago Avenue (BIR Road), Diliman, Quezon City 1100, Metro Manila, Philippines
Agency executives	Ralph G. Recto (Chairman) Raphael P.M. Lotilla (Vice Chairman) Fernando Martin Y. Roxas (President and CEO)
Parent department	Department of Energy
Website	www.napocor.gov.ph

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.^[1]

Prior to the effectivity of the Electric Power Industry Reform Act (EPIRA) law or Republic Act No. 9136, approved on June 8, 2001, on March 1, 2003 which deregulated the power industry, NAPOCOR/NPC was a vertically integrated power utility engaged in the production, transmission and distribution of electric power, used to be the largest provider and generator of electricity in the Philippines, and served as the operator and owner of the Philippine power grid and its related facilities and assets from its creation on November 3, 1936, until the turnover of operations, maintenance, and ownership of the grid to another government-owned corporation National Transmission Corporation (TransCo), established on June 26, 2001 18 days after the EPIRA was approved, in March 2003 as mandated on the said law that organized the industry into four sectors: generation, transmission, distribution, and supply. It was also the principal power provider for Manila Electric Company (Meralco), the only power distributor in the Metro Manila area and its nearby provinces (including all towns or cities such as Santo Tomas, Batangas on some of their respective provinces that cover the Meralco franchise).

Napocor used to be the country's largest corporation in terms of revenue. Profitability however is a main concern now because it is in the business of missionary electrification that provides electricity to far-flung, off-grid remote areas and islands at subsidized rates.^[2] As a government owned and controlled corporation, Napocor is subject to the scrutiny of the Commission on Audit (COA) and the Governance Commission for Government Owned and Controlled Corporations (GCG). It also manages 17 large dams and 11 watersheds in the country and continues to oversee the privatization of the government's remaining undisposed power assets. As of December 2015, NPC has a total of 1,735 megawatts (MW) of generating capacity, which includes 345 MW of small generators in small islands and off-grid locations and 1,390 MW in hydroelectric power plants and independent power producing plants in the main grids.