3 months DoE to Meralco: Put PSAs under bidding Manilatimes |Biz
BATANGAS CITY, Batangas: ENERGY Secretary Alfonso Cusi on Tuesday urged the Manila Electric Co. (Meralco) to subject its power-supply agreements (PSA) to competitive bidding after the country’s highest court recently ordered it.
Facade of Manila Electric Co. (Meralco). PHOTO FROM MERALCO’S WEBSITE“(With) Meralco, they have to do it fast. Don’t waste time. Do it now,” Cusi said on the sidelines of Lopez-led First Gen Corp.’s groundbreaking of its liquefied natural gas (LNG) terminal here. “The decision of the Supreme Court is very clear. We just have to follow it to the letter,” he added, referring the high tribunal’s May ... more