Wednesday, December 12, 2007

Monte Oro consortium wins TransCo bidding

Lugi na naman tayo....MALAKING KICKBACK ito!
Tulad ng inaasahan at palagiang kalakaran, bilang bayad utang, ang malapit sa Malakanyang, kay Ate Glo, sa kamag-anak incorporated ang naka-corner ng bidding sa TRANSCO.

Ang super bilyunaryong si Enrique Razon jr, ang puno ng International Container Services Inc. (ICTSI) at siya ngayong nangunguna sa Monte Oro group, ang manager ng administration Team Unity noong nakaraang May senatorial elections, ang pinaghihinalaang mastermind sa PAMUMUDMUD ng daan-daang milyong piso sa Malakanyang "ang nagDAOG, ang nagwagi't magnaNAKAW sa pag-aari ng Gubyerno't taumbayan."

- Doy / IPD
December 12, 2007

Reuters
http://www.abs-cbnnews.com/topofthehour.aspx?StoryId=102205

A consortium, including China's State Grid Corp won control of the Philippine power grid on Wednesday with a $3.95 billion bid, the biggest privatisation in the country's history.

The winning offer for a 25-year licence to run the grid narrowly beat the only other bid of $3.905 billion from a consortium led by San Miguel Energy, a unit of Philippine food and drinks giant San Miguel Corp.

China State Grid Corp had teamed up with Philippines' Monte Oro Grid Resources for the auction.

Manila has been trying since 2003 to privatise the management
of the National Transmission Corp (Transco) to boost state finances and modernise its creaking power sector. Wednesday's auction was the fifth attempt and the second this year.

Political uncertainty and doubts about the predictability of profits tripped up previous sale efforts but a new tariff system for Transco, in operation since last year, is supposed to make the 25-year licence more lucrative for investors.
The grid, which needs about $850 million over the next five years for upgrades and expansion, was valued at 138 billion pesos.


Ang TRAHEDYA ng TRANSCO PRIVATIZATION
Doy Cinco / IPD
Dec 6, 2007
Sa isang pangkaraniwang mamamayan o PAMILYANG PILIPINO, tatlo (3) lamang kung baga ang maaring sinyales kung bakit ibinebenta ang sariling ari-arian; Una, bangkarote o NALULUGI na. Panglawa; MAG-AALSA BALUTAN na't magma-migrate na ito sa Canada, sa US o Europa at ang pangatlong katwiran, ang kabaliwan, may pang-kupit o balaking pangungulimbat upang tugunan ang pamumudmud, bisyo, ang kapritcho (pambili ng shabu-pang-adik o pang-inom) sa buhay.

Kung totoong umuunlad tayo, kung totoong may 6.0% GNP growth rate na nairihistro ang bansa nung unang quarto ng kasalukuyang taon, hindi ata consistent, bakit biglang naiiba ang ihip ng hangin at balak ng ibenta ang kabang yaman-asset ng bansa sa mga dayuhan. Ang ipinangangalandakang anunsyo ni Ate Glo sa mga nakaraang ay base raw sa magandang economic fundamentals, pamumuno, magandang koleksyon at higit sa lahat ang fiscal reform na ipinatupad ng E-VAT.

Ang nakaka-intriga, sa kabila ng sinasabing pag-unlad ng ekonomya, “bakit kailangang ibenta ang mga asset ng gubyerno? Ang nakakalungkot, ang mga ibebenta pa ay yaong pang mga kumikitang empresa at hindi ang mga liability at naluluging mga kumpanyang pag-aari't asset ng gubyerno. Isang maliwanag na uri ng pagtataksil sa country ang nasabing pagbebenta.”

Ang buong artikulo: http://doycinco.blogspot.com/2007/12/ang-trahedya-ng-transco-privatization.html

8 comments:

magski said...

Yung Transco as in yung asset e hindi naman binenta, yung right to operate and maintain for 25 years kasama sa bidding. Yung EPIRA law ang nag saad na dapat ibenta yung rights, na approved ng Congress (both houses).After the bidding proper, SMC Energy congratulated Monte Oro for winning it fairly. Tanong ko lang sir maliban sa magkaibigan cla Razon at Arroyo anong part ng pagbenta o pagpasok ng concessionaire yung may "anomalya". I am thinking of the ZTE deal dahil may whistke blower, pero yung Transco wala pa kong nababalitaang may Pinaboran ang PSALM (in-charge of the bidding).Medyo curious lang ako kasi ang daming nag sasabing may kick back ang everything. Yung statement nyo kasi parang based lang sa pakiramdam o hakahaka.

doy said...

Ang problema, negative credibility ang Congress. Re TRANSCO, may trend o policy ang Malakanyang na "upang makaiwas sa laki ng pagkalugi o sobrang gastos" mga asset ng gubyerno ang ibinabaligy. Ano mang pinapasok nito ay may duda palagi ang marami.

Ang ZTE format na transaction ang magpapatunay na nagkacashunduan na ang ilang mga kawatan sa Malakanyang.

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