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Thursday, March 27, 2008

 

Legislator bares ‘ghost delivery’ of coal

By Sammy Martin, Correspondent

Yet another bombshell is set to explode after a militant legislator discovered alleged ghost delivery of P320-million worth of coal sold by a local dealer to the National Power Corp. (Napocor).

Bayan Muna party-list Rep. Teodoro Casiño on Wednesday said he was surprised to learn that coal was bought from an allegedly fictitious buyer.

Casiño added he will file a resolution calling for an investigation of the alleged anomaly perpetrated by top government officials.

“I am shocked to learn that Napocor recently awarded a P320-million contract to what is apparently a paper company called Transpacific Consolidated Resources Inc.,” the lawmaker said. “It is unconscionable for Napocor to be again involved in such a multimillion scam considering that it has a pending case in the Ombudsman involving more than P650 million in overpriced coal purchases.”

“This has shades of the sale of the Masinloc power plant to a fly-by-night Australian company called YNN Pacific that, like Transpacific, had a fictitious office. That sale was eventually nullified,” he added.

Casiño said a congressional investigation is needed, because, he added, “We have to know if there is any irregularity involved, and if there is anything in Napocor’s charter or our procurement laws that have to be changed in order to stop this seeming wanton robbery of public funds.”

Documents revealed that PT Marsiterio Marlloan with its local counterpart, Transpacific Consolidated Resources, won the bidding for three lots of 65,000 metric tons of steaming coal to Pagbilao power plant. The contract amounted to P320,639,104.50—or an average of $124 per metric ton, using P49:$1, the prevailing exchange rate at the time of the deal.

Casiño said Juan Carlos Guadarrama, Napocor’s vice-president and chairman of the bids and awards committee, had sent an invitation to bid to PT Marsiterio Marloan Prakarsat/Transpacific Consolidated Resources Inc., on February 12. The invitation was sent to the firm’s listed office at Danarra Hotel Business Center in Quezon City.

The bid opening date commenced on February 15, and the award was given on February 19.

Biddings for Napocor’s coal procurement started early this year to meet the country’s energy requirement. Napocor has also awarded nine lots of coal amounting to P650,666,016 to Indonesian firm PT Indominco Mandiri on February 11 for Sual power plant.

A check with the Danarra Hotel revealed that the business center has not been in operation since two months ago, and that there was no Transpacific Consolidated Resources holding office there.

Another check with the Securities and Exchange Commission also revealed that Transpacific has no business registration. The country’s procurement law requires bidders to submit articles of incorporation. If the bidder is a foreign entity, a certification from the foreign embassy is required.

Napocor got into trouble last year when it was charged with allegedly overpricing coal purchases amounting to P655 million. Bagong Alyansang Makabayan (Bayan), Anakpawis, scientist group AGHAM, and People Opposed to Warrantless Electricity Rates (POWER) claimed that Napocor President Cyril del Callar committed graft when the power firm purchased coal from April to July that was allegedly overpriced.

   

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