EDC, AboitizPower eyeing Mindanao electric co-ops

Business Mirror
WEDNESDAY, 30 NOVEMBER 2011 17:48 PAUL ANTHONY A. ISLA / REPORTER
POWER generators Energy Development Corp. (EDC) and AboitizPower Corp. are keen on bidding to provide baseload power needs of 21 electric cooperatives in Mindanao. 


“We have some supply that we need plan to contract,” Richard Tantoco, EDC President and Chief Operating Officer, said. He added that EDC has just signed a supply agreement with Central Negros Electric Cooperative and that they are in talks with several other customers.


The Association of Mindanao Rural Electric Power Cooperatives Power Supply Aggregation Group Corp. (AMRECOPSAG) recently invited investors to supply 300-megawatts (MW) to 21 electric cooperatives in Mindanao.


“We might bid, although we have not reviewed the terms yet,” Luis Miguel Aboitiz, AboitizPower Executive Vice President, told reporters. 


He said they have yet to determine how many megawatts they plan to provide because they have not seen the terms of reference.


AMRECOPSAG said interested parties must submit a letter of interest not later than December 19 and should have the technical capability for the past five years.