^

Business

Transco to adopt e-bidding for infrastructure projects

- Donnabelle L. Gatdula -
The National Transmission Corp. (Transco) will carry out an electronic bidding (e-bidding) system for all its infrastructure projects.

Transco president Alan T. Ortiz said that doing away with the envelope system of bidding in favor of the e-bidding will enable the company to have more transparent auctions for its projects.

"We are developing a (bidding) system that we will apply to all our infrastructure projects. This will provide greater transparency in our bidding process," he said.

The e-bidding is currently being used by the National Power Corp. (Napocor) in auctioning off coal requirements.

The Transco, under a restructured power industry, will handle all the transmission assets of Napocor.

Ortiz said a technical group will present to the Transco board in its next meeting the new e-bidding system to be used for the infrastructure projects.

He added they would be ready to use the e-bidding system on all of its projects by June in time for the bidding for the Leyte-Cebu Interconnection Project.

After the Leyte-Cebu project, Transco will bid out the Cebu-Mactan Interconnection Project in August or September this year, to be followed by the Negros-Panay Interconnection Project by January 2004.

The Leyte-Cebu project, costing around $68.5 million, is scheduled to be auctioned off by June this year. The project will be completed by May 2005.

The implementation of the Cebu-Mactan project, meanwhile, was approved by the National Economic Development Authority’s Investment Coordinating Council (ICC) last Jan. 30, 2003.

The completion of another crucial project, Leyte-Mindanao Interconnection Project (LMIP), was moved to 2011 based on the latest Transmission Development Plan (TDP).

The LMIP was supposed to start a few years back but was delayed due to the change of administration.

AFTER THE LEYTE-CEBU

ALAN T

BIDDING

CEBU-MACTAN INTERCONNECTION PROJECT

INVESTMENT COORDINATING COUNCIL

LEYTE-CEBU INTERCONNECTION PROJECT

LEYTE-MINDANAO INTERCONNECTION PROJECT

NAPOCOR

NATIONAL ECONOMIC DEVELOPMENT AUTHORITY

PROJECT

TRANSCO

  • Latest
  • Trending
Latest
Latest
abtest
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with