IMC bidding delayed anew PDF Print E-mail
Monday, 30 July 2018 15:15


The bidding for the Investment Management Contract (IMC) has been delayed anew and rescheduled to August 9-20 after bidders requested for additional time to review the operations of the Zamboanga City Electric Cooperative (Zamcelco).

A source from the special committee tasked to handle bidding for the IMC said that the bidders requested additional time to study the electric cooperative’s systems loss, the figure of which is said to have reached  24%.

In a statement issued last July 1, Zamcelco vowed to exert efforts to complete the bidding process for the IMC within thirty (30) days.

This after the withdrawal of Meralco-Comstech in negotiations to supervise the operations of Zamcelco through an Investment Management Contract (IMC).

Comstech is one among four bidders which participated in the re-bidding for the IMC.

The four other bidders are the following: Davao Light and Power Company, Inc. of Aboitiz; Crown Investment Holdings, Inc.; FDC Utilities, Inc.; and Nikolas Management Services, Inc.

As this developed, two top officials of Zamboanga City are asking for a takeover of the National Electrification Administration (NEA) due to the alleged failure of Zamcelco to effectively manage its affairs.

In a press statement issued today, Zamboanga Mayor Maria Isabelle Climaco is calling on President Rodrigo Duterte to direct the NEA to take over Zamcelco.

First District Congressman Celso Lobregat also asked the NEA to take over the operations of Zamcelco and the bidding for the IMC.  (L. Jocson)