Friday, April 15, 2011

Manta Energy proposes cheap power rate for province


Sunstar Bacolod
MANTA Energy Inc. (MEI) is ready to supply Central Negros Electric Cooperative (Ceneco) at cheapest rates, a top official said.
MEI president Alberto Guanzon said they can supply Ceneco with its intermediate and peak load requirement as covered by their March 17, 2009 power sales contract.
MEI assured that the records of the committee deliberations, which touched on the comparative advantage of MEI price at 6.67 per kilowatt hour (kwh) with that of Panay Energy Dev. Corp at 7.76 per kwh, had both offers re-priced at 75 percent load factor.

He further claimed that the price arrived at is fair and reasonable to Manta, to Ceneco members and consumers, and to Ceneco.

Guanzon added that it has instituted proceedings at the ERC for its full implementation and the Commission has set the initial proceedings on April 18, 2011.
Guanzon has urged Ceneco members and customers to be involved in the ERC rate application process because there is a big stake in the proceeds – an overprice of P3.5 billion for a l5-year contract or an average P25,000 in additional cost to each consumer in the Ceneco franchise area.
Published in the Sun.Star Bacolod newspaper on April 15, 2011.

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