Napocor sets new bidding for fuel requirements

The National Power Corp. (Napocor), the country’s largest power producer, will conduct a new bidding for portions of its P10.2-billion fuel requirements for its fiscal year which starts on April 1, 2001 and ends on March 31, 2002.

A preliminary report prepared by Napocor’s fuel management division indicated that the contracts for 45 delivery points will be up for rebidding.

In the bidding that was held last Tuesday, tenders for said delivery points were not considered as Napocor received only a single bid for each of them. FMD said a failure of bidding was also declared for 56 delivery points, where there were no bidders at all.

During the Feb. 20 bidding, Petron Corp., the country’s largest oil refiner, cornered the bulk of the one-year fuel supply contracts awarded by the state-run power company.

Petron tendered successful bids for 28 delivery points comprised of 19 diesel-fired power plants and nine facilities that run on fuel oil.

Caltex Philippins Inc. got the second largest contract size at 12, followed by Pilipinas Shell Petroleum Corp., with 11.

New players Subic Bay Distribution Inc.-Coastal Petroleum and Total Petroleum Corp., bagged three and two contracts, respectively. – Donnabelle Gatdula