(Taguig City) Continuing its drive to develop indigenous energy resources, the Department of Energy held the opening of coal applications for the Philippine Energy Contracting Round V (PECR 5) yesterday, September 26, 2014 at the DOE main office.
DOE officials who witnessed the opening of applications included Usec. Zenaida Y. Monsada, Dir. Arthus Tenazas of the Legal Services, Dir. Araceli Soluta of the Financial Services, Dir. Rino Abad of the Energy Resource Development Management Bureau.
After the deadline of submissions were closed last September 26, 2014 11:00AM, 9 received applications we brought into the DOE headquarters for preliminary assessment namely:
|
AREA # |
No. of Applications |
Area Location |
|
2 |
(2) TQGT Minerals Resources Coalblack Mining Corporation |
Tago and Tandag, Surigao del Sur |
|
4 |
(1) SAHI Mining Corp. |
Butuan City, Agusan del Norte; Sibagat Agusan del Sur |
|
5 |
(2) SAHI Mining Corp. Boston Minerals Mining Corp |
Butuan City, Agusan del Norte; Sibagat Agusan del Sur |
|
6 |
(1) Philsaga Mining Corp. |
Bunawan, Agusan del Sur |
|
7 |
(1) Philsaga Mining Corp. |
Bunawan and Trento, Agusan del Sur |
|
10 |
(1) SAHI Mining Corp. |
Godod, Zamboanga del Norte; Kabasalan, Zamboanga Sibugay |
|
11 |
(1) SAHI Mining Corp. |
Godod, Zamboanga del Norte; Kabasalan, Zamboanga Sibugay |
|
Total of 9 Applications; Received 5 Companies (Applicant) |
Mr. Nenito Jariel Jr., Division Chief of the Coal and Nuclear Management Division (NCMD) said, that the low turn-out of applications today reflect the current market prices of coal which is P1,978-2,384/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. ” Mr. Jariel said.
During the opening of applications, USec. Monsada informed the bidders of the present criteria in assessing the bidding documents which is 40% for the Work Program, 20% for the technical requirements and another 40% for the financial requirements. USec. Monsada likewise noted that during past PECR’s some applicants fail to disclose enough financial capacities which lead to their disqualification in the bidding.
After the assessment of applications, the technical group announced 8 of the 9 coal applications passed the preliminary examination of documents. Boston Minerals Mining Corp. who applied for Area 5 was the lone disqualified bidder during the assessment of bids.
The 8 successful applications will now be evaluated thoroughly by the Financial and Legal Services and the Coal Applications Technical Group.