DMCI Power bags 25MW project in Palawan

By Victoria Asuncion S. Mendoza

Saturday 21st of July 2012

PUERTO PRINCESA CITY, Palawan, July 21 (PIA) -- DMCI Power Corporation bagged the 25-megawatt supply contract after winning the Palawan Electric Cooperative’s (Peleco) competitive selection process (CSP) on July 18.

DMCI Power Corporation, Primewater Resources Corporation, and Power One participated in the CSP. Power One was dropped at the pre-qualification round for failure to attach in its bid documents the required certifications and financial statements.

For the first time, the CSP was open to observers coming from media, Palawan Chamber of Commerce, and officials from the city and provincial governments to ensure transparency and credibility of the bidding process.

DMCI Power won the bid by quoting the amount of P9.38 per kilowatt hour cost as compared to Primewater’s P13.2003 in the financial bid evaluation.

“Paleco posts a high requirement in bidding to ensure reliable water supply. We can assure that we can provide reliable and sustainable power for Palawan,” said Nestor Dadivas, president and chief executive officer of DMCI Power Corporation.

He said that their performance in supplying power in other areas like Masbate, Batangas, and other areas in the Visayas can attest that their company has the capability and experience in power generation.

The signing of the power supply contract is scheduled on July 24. Its operation is expected to start by September next year.

The CSP is most talked about and controversial after the first round last year failed due to lack of bidders and the court injunction in April sought by the Power One Corporation which delayed the bidding process.

DMCI will take over from Aggreko of the National Power Corporation when its contract expires in October next year. DMCI is a 78-percent owned subsidiary of D. M. Consunji Holdings Inc. (LBR/TBO/VSM-PIA4B, Palawan)