Group flags new bidding on power deals

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Bayan Muna Rep. Carlos Zarate and chair Neri Colmenares also lauded the SC for deciding with finality to void 90 PSAs that did not undergo bidding.

Bayan Muna Rep. Carlos Zarate and chair Neri Colmenares expressed this concern even as they lauded the Supreme Court for deciding with finality to void 90 PSAs that did not undergo bidding.The high court also required distribution utilities like Meralco to bid out its supply agreements.

But Zarate said this requirement could defeat the high court’s decision in the first place as it may allow Meralco full control of the bidding process and exclude the DOE and an independent third party from supervising the bidding process.

 

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