Thursday 22 August
Apr 24, 2018 @ 22:54

Meralco power supply deals must undergo Swiss challenge – DoE

 

Energy Secretary Alfonso Cusi wants Manila Electric Co. to subject its controversial power supply agreements (PSAs) to a Swiss challenge.

These PSAs, which cover 3,551 megawatts or about 90 percent of Meralco’s power requirements in the next 20-25 years, have come under fire from lawmakers for allegedly skirting the mandatory competitive selection process (CSP).

The seven controversial PSAs entered into with Meralco-affiliated generation companies are pending the approval of the Energy Regulatory Commission.

?From my personal point of view, they should just subject it to Swiss Challenge if they?re confident that the rates are the lowest available. I?m representing the public here,” Cusi said.

?I?m not against Meralco. It?s (referring to Swiss challenge) just a good process I?m looking at affordability. I want assurance of supply until 2021,2022, 2030,”he said.

Please follow and like us:
error

Tags: , , , , ,

Related Stories
BACOLOD CITY -- Outgoing Speaker Gloria Macapagal-Arroyo visited Silay City in Negros Occidental anew on
The Swiss challenge for the P22.4 billion Cavite-Tagaytay-Batangas Expressway (CTBex) is expected to commence in
The Department of Transportation (DOTr) aims to publish the terms of reference for the Swiss
The Department of Transportation (DOTr) is ready launch next month the bid process for San


 

Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.