A MANILA Electric Co.-led consortium offered the lowest power distribution rate for New Clark City, according to the Bases Conversion and Development Authority.
In a statement on Friday, the BCDA said the consortium, which includes Marubeni Corp., Kansai Electric Power Co., Inc., and Chubu Electric Power Co., Inc., submitted a tariff bid of P0.6188 per kilowatt hour.
This bested the P0.9888/kwh proposal put forward by the Aboitiz-KEPCO consortium of Olongapo Energy Corp.
Both bids were below the P1.25/kwh tariff limit set by the BCDA.
The result from the opening of technical and financial proposals held Tuesday will bring the Meralco consortium with the Japanese firms to the post-qualification process prior to awarding.
BCDA hopes to sign the joint venture agreement with the winning partner by early next year.
New Clark City is being positioned as the Philippines’ first smart, green and sustainable metropolis with low utility rates.
The first phase of the New Clark City’s development covers the construction of the so-called National Government Administrative Center and sports facilities which host the Southeast Asian Games next year. — Janina C. Lim