Mahalay! Meralco shouldn’t bid for PSAs
Bayan Muna partylist has asked the power utility giant not to let its subsidiaries affiliates to participate in the bidding for power supply contracts to dispel suspicions of rigging.
In a statement, Bayan Muna chair Neri Colmenares and Rep. Carlos Zarate said it would be a shame if Meralco insists on fielding its own genco subsidiaries and affiliates as bidders for power supply agreements
The SC earlier ordered all energy companies to undergo competitive selection process for PSAs.
“The upcoming bidding for supply of electricity to Meralco, therefore, will only turn into a charade, if Meralco insists on fielding its own genco subsidiaries and affiliates as bidders for these PSAs. It will be a shame-faced continuation of Meralco’s earlier attempts to corner these power contracts for itself through the Meralco gencos,” Zarate said.