The Philippines is a good example of the whole of grid concession model. In 2001, the Philippines introduced the “Electric Power Industry Reform Act 2001”, which paved the way for grid concession by restructuring the power sector (a prerequisite for implementing the model) and privatizing the national transmission company.
Under the terms of the concession, the government retained ownership of the existing transmission system and auctioned off responsibility to operate, maintain and expand the system. In 2007, a consortium of Monte Oro Grid Resources Corp., Calaca High Power Corporation, and, as technical partner, the State Grid Corporation of China, won a 25-year concession contract.15
Since the whole of grid concession model was introduced, the Philippines has seen significant levels of investment.