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Published February 25, 2021, 8:00 AM
The country’s electric cooperatives (ECs) are prodded to undertake their competitive selection process (CSP) on power supply agreements (PSAs) to guarantee that they will not suffer supply shortages in the immediate term, especially with the portended economic recovery post-pandemic.
To ensure that power supply auctions are carried out in a timely manner, National Electrification Administration (NEA) Chief Edgardo R. Masongsong has issued Memorandum No. 2019-035, so the ECs can be reminded and guided on their power supply procurements.
In particular, it was decreed by the NEA Administrator that the ECs with expiring PSAs in three (3) to five (5) years may already start the conduct of CSPs “to ensure (their) continuous and sufficient power supply.”