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Monday, December 05, 2005
2 foreign firms join bid for P1B Gensan-Tacurong project
TACURONG CITY -- Two companies from India and Korea have joined the bid to rehabilitate the 138kV transmission line stretching from this city to General Santos, a project costing P1.087 billion, revealed the National Transmission Corporation last week.
Elmo Batislaong, chief of NTC-Southwestern Mindanao, said the General Santos-Tacurong 138 kV transmission line has already reached its economic life and needs repair to comply with the National Grid Code standards.
"Pre-construction activities for the project have commenced already. Apart from Filipino firms, there were Korean and Indian companies that submitted themselves to the pre-qualification bid last week," he said.
Batislaong, however, failed to identify the foreign firms who joined the bid.
The rehabilitation of the General Santos-Tacurong transmission line is expected to ensure system stability and reliability of power supply as well as higher power transfer capacity between substations, also access to future base load plants in General Santos City and Sultan Kudarat through the Mindanao Grid.
President Gloria Macapagal-Arroyo recently approved the project along with the Sangali-Pitogo grid project in Zamboanga City.
The two projects cost more than two billion pesos, Presidential Adviser for Mindanao Jesus Dureza said.
The two projects were being proposed for funding under the Miyazawa Fund, named after former Japanese Finance Minister Kiichi Miyazawa, who unveiled the 30-billion dollar aid initiative in 1998 to help Japan's Asian neighbors that were hit by the economic downturn that began in mid-1997. Of the total amount, 1.4 billion dollars was allocated for the Philippines.
The Sangali-Pitogo 138 kV Transmission Line Project, with a project cost of P1.095-billion, was formerly called Zamboanga City Area 138 kV Transmission Line Project during a previous Neda Board approval in 1998.
Both power line projects are expected to help meet the country's energization targets under the President's 10-point agenda. (RBS)
(December 5, 2005 issue)
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