Ecozone gives ultimátum for SRPI to pay P10 M rental for plant site

Ecozone gives ultimátum for  SRPI

to pay P10 M rental for plant site

ZAMBOANGA CITY (ZNS) -The Zamboanga Special Economic Zone has given the San Ramon Power Incorporated  (SRPI)  15 days within which to pay their P10 million rental of a space at the facility for use as the construction site of the multimillion peso coal fired Power Plant.

Zamboecozone Chairman Christopher Arnuco said the facility has already sent by registered mail their demand letters to the SRPI to settle the account.

The final notice to collect was mailed  September 18, 2014. The demand letter gave the SRPI 15 days to settle the account alter receipt of that setter by registered mail.

Arnuco said the matter will be  referred to their corporate counsel in case SRPI cannot pay the said amount.

He said the firm has promised to settle the amount but failed to do so, thus the final demand.

The Ecozone has leased over 30 hectares to the SRPI where the company plans to construct its multibillion peso coal-fired 100 megawatts power plant.

Arnuco said that under its lease agreement, the Ecozone has the option to cancel the contract according to reasons stated therein.

The amount include rental payments for the leased property starting September of last year to December this year.

The construction of the coal fired power plants has been delayed by  the delay in the approval of the Power Sharing Agreement (PSA) by the Energy Regulatory Board.

The recent approval of the PSA by the ERB gives no reason for SRPI to delay construction of the project.(ZNS) (101714)