The National Grid Corporation of the Philippines announced the Cebu-Bohol 230-kilovolt interconnection project will be completed in 2024.

In a virtual energy investment forum, Michael R. Baylosis, head of the Visayas System Planning Division of NGCP said " Right now, we have completed the laying of the submarine cable, and we are working towards completion of the substation and transmission lines. So, the target is by next year,2024."

The Energy Regulatory Commission approved Option 1 of NGCP's proposed project valued at P19.61 billion.

The Cebu-Bohol interconnection project connects the two islands via double-circuit 230-kV submarine cables.

The link will head off the overloading of the Leyte-Bohol 138-kV submarine cable and provide Bohol Island with another source of power.