Zamsureco I signs PSA with MPC, SRPI PDF Print E-mail
Thursday, 07 March 2013 11:04

Zamsureco I and Mapalad Power Corporation (MPC) and San Ramon Power, Inc. (SRPI) recently signed a power supply agreement (PSA), subject further scrutiny and evaluation by the Energy Regulatory Commission (ERC).

of Zamsureco I said that the proposal of Mapalad and SRPI for the supply of power was “advantageous” to the cooperative. Under the contract of power, SRPI will provide 10 megawatts, while MPC will provide five megawatts to Zamsureco I.

and MPC said that the power supply to any cooperative is on a “first come, first served” basis as Mindanao is brazing for more power outages in the coming months and power utilities are sweeping the floor for power providers.

The ERC process involves the conduct of public hearings in which interested parties are enjoined to participate in the discussions to ensure that issues and concerns are taken up leading to a final decision by the ERC on the proposed PSA.

Some concerned businessmen and consumer-members of the Zamboanga City Electric Cooperative (Zamcelco), meanwhile, expressed concern over the prolonged negotiations for a power supply agreement with SRPI.

Zamcelco was given the first option to avail of the power supply offered by MPC and subsequently by SRPI. “Zamcelco should avail of the offered power capacities now lest the offered capacities will be contracted by other power buyers,” a prominent businessman said.

Another consumer observed that the delay in contracting available power by Zamcelco will be a repeat of the Thermal Marine Incorporated (TMI) experience where the desired contracted capacity was no longer available to Zamcelco by the time a decision was made after a prolonged debate over the issues that could have been addressed adequately under the ERC process.

SRPI and Zamcelco were scheduled to sign a PSA two weeks ago, but the City Council and some concerned citizens needed more clarification on the PSA. Also, the National Electrification Administration (NEA) said it needed more inputs on the PSA. —BJ