The Philippines’ coal projects draws
only nine bidder companies which are much lesser compared to the former
contracting round said Department of Energy (DOE) said today.
The department said that out of nine applications
received by the Philippines Energy Contacting Round V (PECR 5) on Friday, one
was disqualified after the initial examination of documents that the bidders
submitted.
Nenito Jariel Jr., division chief of
DOE's Coal and Nuclear Management Division, revealed that there was a less applications
for the PECR 5 for coal, attributing it to the current market price of the
product, which is at P1,978-P2,384 ($44.45 - S53.57) per metric ton (mt).
"If compared during the last
contracting round, (PECR 4, 2012) we received a total of 69 coal applications
since coal prices were higher with amounts ranging from P2,610-3,210/mt in 2011
and P1, 783-P2,451/mt in 2013," he said.
However, officials said the eight who
passed the initial investigation will still be evaluated meticulously by the Financial and
Legal Services and the Coal Applications Technical Group of the
DOE.
The
coal projects that the companies are supposed to develop are located in
southern provinces of Surigao del Sur, Agusan del Norte, Agusan del Sur,
Zamboanga Sibugay and Zamboanga del Norte.
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