Meralco to win IMC? Print
Tuesday, 28 November 2017 17:23

Will Meralco win the much delayed bidding for the Investment Management Contract to operate the Zamboanga Electric Cooperative?

This is now a big possibility after the Zamboanga Electric Cooperative (Zamcelco) agreed to amend the Terms of Reference for the IMC based on the demands of Meralco.

AboitIz Power, who together wtih Meralco has been bidding for the contract, was said to have withdrawn participation for the third bidding of the IMC.

In an interview with Conversa over EMedia, Zamcelco Board President Omar Sahi said that the electric coop board already agreed to the bidders’ demands concerning authority and control issues over Zamcelco once the IMC is implemented.

The meeting, which was held at the NEA office in Manila, was said to have been presided by NEA Administrator Edgardo Masongsong who also invited Congressman Celso Lobregat to participate.

Sahi also said that since Davao Light did not purchase bid documents for the IMC’s third bidding, coop officials are now expected to meet with Meralco to integrate their demands into the Terms of Reference.

Both companies, Davao light and Meralco, did not submit bids during teh IMD’s first and second bidding, a situation which resulted to a failure of bidding.

Both companies raised several issues, primordial of which is the control and management over Zamcelco during the implementation of the IMC.

During that time, Zamcelco refused to yield authority and control especially in choosing a general manager.

This resulted to a failure of biddings on two instances and the withdrawal of Aboitiz from the third bidding.

However, Sahi said yesterday that the Zamcelco Board will now reconsider its position on contentious issues initially raised by the two bidders.

The electric cooperative is now amenable to allowing the investor or the IMC winner to choose the coop general manager.

Sahi added that they will also agree to other requests of the investor just to ensure that the bidding for the IMC will push through on December 14. (LAJ)