Naga power plant bid in jeopardy
More News from Philippine Daily Inquirer
Interest in the P319-million contract to operate and maintain the 146-megawatt Naga power complex in Cebu remained lukewarm as only one company has so far expressed interest in it, according to Emmanuel R. Ledesma Jr., president and CEO of the state-run Power Sector Assets and Liabilities Management Corp., or PSALM.
Ledesma confirmed that only one company joined the pre-bidding conference last Wednesday. He did not reveal the identity of the firm.
This will be the third time that PSALM will attempt to offer to the private sector a one-year operation and maintenance contract for the Naga power plant. Two failed bids were conducted in June and February this year.
Currently, SPC Power Corp. is in charge of the operation and maintenance of the Naga power plant.
Its six-month contract was supposed to expire last September 25, but was extended to December due to the failed bids.
Also, the rehabilitate-operate-maintain-and-manage (ROMM) agreement between state-run National Power Corp. and SPC Power expired on March 25. Concerned agencies are now looking for another operator of the facility to head off potential operational disruptions.
The 146-megawatt Naga complex consists of three thermal power plants that use a combination of diesel, bunker oil and coal as fuel.
PSALM was supposed to auction off the independent power producer administrator contract covering the Naga power complex in October 2011. But the agency gave way to the JCPC when it requested PSALM to defer the bid pending a review of the “right to top the highest bid” granted to SPC Power Corp. in 2009.
Get Inquirer updates while on the go, add us on these apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94