Saturday, June 23, 2018

Mayor Domogan to Kaltimex: Pay P150M performance bond for Asin hydro powerplants

Sep 13, 2017 @ 15:42

Baguio City Mayor Mauricio Domogan has called on Kaltimex Energy Philippines to comply with its contractual obligations for the operation and maintenance of the Asin mini-hydro powerplants.

This after the Baguio city government could not locate the bonding company through which Kaltimex coursed its P150-million performance bond.

The P150-million performance bond is equivalent to 30% of the total rehabilitation cost of the Asin mini-hydro powerplants.

The Baguio politiko said Kaltimex should stop making excuses and comply with its contractual obligations to the city government.

Domogan also said Kaltimex’s actions have caused him to doubt the company’s sincerity.

Facebook Comments
Recommended Articles

Recommended on other sites

The comments posted on this site do not necessarily represent or reflect the views of management and owner of We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

Trending News

Want Politiko alerts on your inbox? Subscribe here.