5 Firms Bid for WESM Project Management
Byline: MYRNA M. VELASCO
At least five foreign companies have submitted their respective tenders for the project management contract for the establishment of the Wholesale Electricity Spot Market (WESM); which the law mandates to start commercial operation next year upon meeting all conditions precedent prior to introduction of open access in the deregulated power industry.
The bidders included Australia Power and Water (APW); Empire Manufacturing Company Ltd. (EMCO) of Canada; Online Systems Ltd. of the United Kingdom; KEMA of Netherlands, which is an independent power producer; and Electricite de France.
The opening of bids is scheduled this July.
Basically, the company to be tapped for WESM's project management will oversee the implementation and creation of the electricity spot market.
Aside from project management, the National Transmission Corporation (Transco) also scheduled today (June 30) as the deadline for submission of bids for the turnkey contract of the market management system (MMS) for the WESM, and this would include the supplier for the computer software and hardware.
Energy Undersecretary and special bids and awards committee (SBAC) committee chairman Cyril del Callar has disclosed that about 12 foreign and local firms, with expertise in the operations of electricity trading, have expressed intention to participate in the bidding for the electricity spot market. …