DOE to award coal contracts next month

0

THE Energy department is set to award next month coal areas for operation and development to the private sector under the Philippine Energy Contracting Round 5.

Advertisements

According to Energy Undersecretary Zenaida Monsada, they are targeting to award the contract to the private sector by December 18.

“The target is next month because next month is energy month, energy consciousness month. December will be the awarding,” Monsada told reporters on the sidelines of the Coal Business and Policy Forum in Makati City.

She said the Energy Resource Development Bureau (ERDB) is set to submit its endorsement of the winning bids to Energy Secretary Carlos Jericho Petilla within the month.

The DOE has received nine applications from five companies for seven areas offered under the PECR 5 for coal contracts, but only eight applications passed the preliminary assessment.

As part of the government’s continuing drive to develop indigenous energy resources, the DOE offered 15 coal areas for exploration and development under PECR 5.

Among the applications that passed the preliminary assessment were
TQGT Minerals Resources and Coalblack Mining Corp. for Area 2 located in Tago and Tandag, Surigao del Sur.

SAHI Mining Corp. applied for Area 4, which covers the areas of Butuan City, Agusan del Norte and Sibagat, Agusan del Sur.

SAHI Mining offered a bid for Area 5, which covers Butuan City, Agusan del Norte and Sibagat Agusan del Sur.

Philsaga Mining Corp. submitted the lone application for Area 6 in Bunawan, Agusan del Sur. The company also applied for Area 7 in Bunawan and Torento in Agusan del Sur.

SAHI Mining submitted applications for Areas 10 and 11, which both cover the areas of Godod, Zamboanga del Norte; Kabasalan, Zamboanga Sibugay.

Monsada also said the contracting round for petroleum has received interest from five foreign oil and gas firms.

“They are all foreign so we encourage them to take local partners,” Monsada said.

She added that bids will be submitted no later than March 31, 2015, with June 2015 as the target awarding for petroleum under PECR 5.
The government is offering 11 petroleum blocks/areas for oil and gas exploration and development under PERC 5.

Share.
loading...
Loading...

Please follow our commenting guidelines.

Comments are closed.