Issue of June 11, 2017
Mt. Province

68th Courier Anniversary Issue
Other Links:
Asin hydro developer has yet to pay P18 performance bond
by PIO release

The city council decided to again invite officials of the Kaltimex Energy Philippines, the winning bidder for the rehabilitation of the three city-owned Asin mini-hydro plants, to its session on June 26 for a briefing on the status of the multi-million project in relation to the contract the company signed with the city.

The councilors agreed to again invite Kaltimex president Oscar Turalba and other company officials who were involved in the crafting of the memorandum of agreement between the city and the company in 2015 for them to clarify issues concerning the payment of the P18 million performance bond by the developer and other matters.

Earlier, the council passed Resolution 37, s. 2017 which confirmed the MOA between the city government and Kaltimex Energy Philippines for the rehabilitation of the city-owned Asin hydropower plants and urging the company to comply with its contractual obligations, particularly the payment of the P18M performance bond within six months from the confirmation of the agreement.

Records from the City Treasury Office show that Kaltimex has not yet paid the performance bond.

The council wants Kaltimex officials to explain why it did not pay the performance bond when the six months enshrined in the contract is about to expire and to ascertain whether the company is still interested in pursuing the project.

Earlier, Mayor Mauricio G. Domogan called on Kaltimex officials to comply with their contractual obligations.

He said that a renegotiation of the contract is unlikely at this time because the developer has not yet complied with its initial obligations.

The city-owned Asin mini-hydro power plants located in Tuba, Benguet had not been operational since October 2012 when the Energy Regulatory Commission ordered the local government to cease and desist from operating the power plants because it did not secure the required certificate of compliance from the regulatory agency even when the same were operational before the passage of Republic Act 9136 or the Electric Power Industry Reform Act.

Your Ad Here

Body to oversee coffee industry in La Trinidad

Plea opposing lifting of tax exemption on coops backed

Bakeshop owners tell struggles before hit

Ifugao opens 4th Negosyo Center

35 families train on bread, pastry making

Baguio Country Club
Department of Tourism – CAR
University of Baguio
Venus Parkview Hotel

Congressman Mark O. Go
Department of Health – CAR
Kings College of the Philippines
Lepanto Consolidated Mining Company
Mayor Mauricio G. Domogan
Narda’s Handwoven Arts & Crafts Inc.
Philex Mining Corporation
Pines City Colleges
Province of Benguet
Sangguniang Panlungsod
SM City Baguio
Social Security System

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Central University
Baguio Heart and Lung Diagnostic Center Inc.
Baguio Memorial Chapels Incorporated
Baguio Water District
Bureau of Fisheries and Aquatic Resources – CAR
C & Triple A Supermart
Congressman Ronald M. Cosalan
Curamed Pharmacy
Data Center College of the Philippines of Baguio City Inc.
Department of Agriculture – CAR
Department of Environment and Natural Resources – CAR
Department of Trade and Industry – CAR
Department of Transportation – CAR
Easter College Incorporated
Fabulo Beauty and Image Salon
Fast East Pacific Commercial
Filipino–Japanese Friendship Association of Northern Luzon, Inc.
GMS Technology
Immigration Network Services, Inc.
La Funeraria Paz, Inc.
Mayor Romeo K. Salda
MMS Development Training Center Corporation
Mother Earth Deli Basket
National Economic & Development Authority–CAR
Overseas Workers Welfare Administration
Philippine Science High School – CARC
R.A. Gapuz Review Center
Regional Tripartite Wages and Productivity Board – CAR
Solibao – Ganza Restaurant
Technical Education and Skills Development Authority

Home | About Us | Editorial Policy | Contact Us  
News | Opinion | Snapshots | Week's Mail | Obituaries  
Copyright © 2007-2015. All Rights Reserved.