Issue of June 11, 2017
Mt. Province

69th Courier Anniversary Issue
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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.

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