ZCCIFI intervenes in SRPI-Zamcelco PSA PDF Print E-mail
Monday, 10 June 2013 11:12

The Zamboanga Chamber of Commerce and Industry,Foundation Inc. (ZCCIFI) led by its president, Pedro Rufo “Pocholo” N. Soliven and legal counsel Carl Andrew Rubio intervened in the power supply agreement submitted to the Energy Regulatory Commission for approval  by the San Ramon Power Inc. (SRPI) and the Zamboanga City Electric Cooperative (Zamcelco) last June 6 in Ortigas, Pasig City.

In a press statement, Soliven said the ZCCIFI was the lone  intervenor in ERC Case No. 2013 051RC citing transparency, reasonableness of the rates and consumers interest.

Soliven said the objective of the intervention is to establish the reasonableness of the rates.

He said the intervention is anchored on several constants as well as the variable  figures in the power supply agreement submitted to ERC for ratification to arrive at capital recovery fee and energy formulas which will determine the basis for the  cost of power in the City of Zamboanga in the next 25 years starting in 2016.

Soliven said among the vital issues that need further clarification are the capital cost of the plant estimated at U.S. $285 million compared to other coal fired power plants.

He pointed out that this issue is material to the determination of power rates in the city in the next 25 years when SRPI starts delivering power by 2016.

Another point the ZCCIFI will raise in the next ERC hearing scheduled on July 1,is the interconnection project cost in the amount of U.S. $21 million .

The ZCCIFI intervention calls for pro active engagement in the scrutiny of the reasonableness of the rates being proposed for approval by SRPI and Zamcelco.

ZCCIFI calls for transparency since these rates will determine the future of Zamboanga City’s competitiveness ranking in terms of the reliability  of power as well as affordability and reasonableness of the rates being passed on to the Zamboanguenos to pay in the next 25 years .

“These issue is beyond ZCCIFI business interest only, but the entire power consumers and members of the cooperative,” Soliven stressed.