Thursday, December 27, 2018

Meralco-Marubeni group submits lowest bid for power distribution deal in New Clark City



December 21, 2018 4:08pm By TED CORDERO, GMA News

The consortium of Manila Electric Co. (Meralco) and Japanese partner Marubeni Corp. has submitted the lowest rate for power distribution in the New Clark City, the Bases Conversion and Development (BCDA) said Friday.
In a statement, the BCDA said the Meralco-Marubeni Consortium composed of Meralco, Marubeni, The Kansai Electric Power Co. Inc., and CHUBU Electric Power Co., Inc. submitted the lower tariff bid of P0.6188 per kilowatt hour; besting the P0.9888/kwh proposal by the Aboitiz-KEPCO Consortium of the Olongapo Energy Corp. and KEPCO Philippines Holdings Inc.
"This was determined during the Opening of Technical and Financial Proposals held at the BCDA Corporate Center in Taguig City Tuesday," the BCDA said.
BCDA senior vice president and chief finance officer Atty. Nena Radoc, chairperson of the Joint Venture Selection Committee, said the Meralco-Marubeni Consortium would undergo post-qualification process as part of due diligence before the award.
BCDA is targeting to sign the Joint Venture Agreement with the winning partner by early next year.
New Clark City is envisioned to be the first smart, green and sustainable metropolis in the country where locators and residents will enjoy low utility rates.
BCDA earlier set the tariff ceiling for power distribution at P1.25/kwh.
New Clark City will have the first completely smart power grid in the country.
Supported by state-of-the-art facilities comparable with other smart cities throughout the world, the New Clark City smart grid also has better reliability standards.
Locators can likewise enjoy access to real-time information from the distribution utility, allowing them to manage their electricity consumption more effectively, the BCDA said.
Phase 1 of the New Clark City development includes the construction of the National Government Administrative Center (NGAC), and the world-class sports facilities to be used for the Philippines' hosting of the Southeast Asian Games in 2019. —NB, GMA News


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