| By Donnabelle L. Gatdula (The Philippine Star) Updated February 16, 2011 12:00 AM |
MANILA, Philippines - The Department of Energy (DOE) is set to cancel at least 50 service contracts on renewable energy (RE), an energy official said.
DOE director Mario Marasigan said “around 50-60 (contracts) were found non-compliant out of the more than 200 contracts that we awarded.”
“We’ve re-evaluated them and found that some of them just failed to fulfill reportorial requirements,” he said.
For his part, Energy Secretary Jose Rene Almendras said DOE is set to cancel “more than 10 contracts” by the end of this month. Among the contracts that would be cancelled are those that did not comply with their work program and those that were not able to submit pertinent requirements.
According to Almendras, this move is consistent with the law, as he stressed the DOE had given these companies ample time to comply with these requirements.
“We have given them up to the end of this month to comply. We have the list already of the companies the whose contracts would be cancelled,” he said.
All the cancelled service contracts, he said, would subsequently be offered anew to new investors.
He said the companies who used to hold these contracts would be allowed to join the new bidding process as long as they would be able to comply with the requirements.
“As long as they can pass the requirements such as the proof of financing capability, balance sheet, etc,” he said.
The industry sees this as a step forward. When I entered the DOE, the industry players requested for the review of the contract areas and contracts to check their compliance to the laws,” he said.
Late last year, the DOE issued a stern warning to RE service contractors to make true to their committed work programs and comply with the requirement of the law.
DOE director Mario Marasigan said “around 50-60 (contracts) were found non-compliant out of the more than 200 contracts that we awarded.”
“We’ve re-evaluated them and found that some of them just failed to fulfill reportorial requirements,” he said.
For his part, Energy Secretary Jose Rene Almendras said DOE is set to cancel “more than 10 contracts” by the end of this month. Among the contracts that would be cancelled are those that did not comply with their work program and those that were not able to submit pertinent requirements.
According to Almendras, this move is consistent with the law, as he stressed the DOE had given these companies ample time to comply with these requirements.
“We have given them up to the end of this month to comply. We have the list already of the companies the whose contracts would be cancelled,” he said.
All the cancelled service contracts, he said, would subsequently be offered anew to new investors.
He said the companies who used to hold these contracts would be allowed to join the new bidding process as long as they would be able to comply with the requirements.
“As long as they can pass the requirements such as the proof of financing capability, balance sheet, etc,” he said.
The industry sees this as a step forward. When I entered the DOE, the industry players requested for the review of the contract areas and contracts to check their compliance to the laws,” he said.
Late last year, the DOE issued a stern warning to RE service contractors to make true to their committed work programs and comply with the requirement of the law.
No comments:
Post a Comment