Graciela M. Barleta, PNOC senior vice-president for legal, administration and estate management services, said that PNOC had just sent out a letter last Monday to ask if the Araneta group would propose a better deal.
Based on the MoA signed by PNOC and Araneta-led Energy Oil and Gas Holdings Inc. the PNOC property in Limay, Bataan is envisioned to be an “Energy City.”
“It’s like a total value chain that was offered before so that we are opening doors for them to give us a new and better offer this time. The project might change. It depends on them,” she said.
“What he [Araneta] wanted before was 90 hectares which we could not give because what will happen to the 130 hectares that are not as good? We’ll lose value,” Lista said.
“We made a mistake before when we sold a property close to the pier area. It was the good part that was sold. If you are a businessman, you wouldn’t sell that,” he added.
PNOC is now trying to develop the right side of the property Lamo pier, Lista said. “If you develop that, then the use of the whole complex will be better.”
Lista said it is not just the Araneta group that is interested in the property because other companies have also expressed interest.
“When they found out that the MoA had expired in 2016, there are others who already showed interest. But we have to hand it to them first because by law, they have first shot,” he said.
“If they can’t improve their offer, that’s the only time we entertain others,” he added.
“We did not placed a deadline in the letter but we expect them to reply at the soonest time,” Barleta said.
But Lista added, “If they don’t respond immediately, then we have to entertain the rest. If government is required 15 days to respond, then we expect the same from private companies and even less, probably. If you are talking of urgency and need and interest, I think there is no need to put a deadline.” The Board of Investments (BOI) approved the P920-million new cold storage plant of One Stop Warehousing Solutions, Inc. (OWSI) in Taguig City.
Registered as preferred activity under the agribusiness and fishery category of the Investment Priorities Plan (IPP), OWSI’s warehouse has a total area of 13,333 square meters and has 9,300 sqm space solely for cold storage.
The facility has annual capacity of up to 3.8 million pallets for cold storage and 4,380 pallets for blast freezing.
OWSI facility will also have 11 forty-foot container bays and 12 small truck bays.
Based on the MoA signed by PNOC and Araneta-led Energy Oil and Gas Holdings Inc. the PNOC property in Limay, Bataan is envisioned to be an “Energy City.”
“It’s like a total value chain that was offered before so that we are opening doors for them to give us a new and better offer this time. The project might change. It depends on them,” she said.
“What he [Araneta] wanted before was 90 hectares which we could not give because what will happen to the 130 hectares that are not as good? We’ll lose value,” Lista said.
“We made a mistake before when we sold a property close to the pier area. It was the good part that was sold. If you are a businessman, you wouldn’t sell that,” he added.
PNOC is now trying to develop the right side of the property Lamo pier, Lista said. “If you develop that, then the use of the whole complex will be better.”
Lista said it is not just the Araneta group that is interested in the property because other companies have also expressed interest.
“When they found out that the MoA had expired in 2016, there are others who already showed interest. But we have to hand it to them first because by law, they have first shot,” he said.
“If they can’t improve their offer, that’s the only time we entertain others,” he added.
“We did not placed a deadline in the letter but we expect them to reply at the soonest time,” Barleta said.
But Lista added, “If they don’t respond immediately, then we have to entertain the rest. If government is required 15 days to respond, then we expect the same from private companies and even less, probably. If you are talking of urgency and need and interest, I think there is no need to put a deadline.” The Board of Investments (BOI) approved the P920-million new cold storage plant of One Stop Warehousing Solutions, Inc. (OWSI) in Taguig City.
Registered as preferred activity under the agribusiness and fishery category of the Investment Priorities Plan (IPP), OWSI’s warehouse has a total area of 13,333 square meters and has 9,300 sqm space solely for cold storage.
The facility has annual capacity of up to 3.8 million pallets for cold storage and 4,380 pallets for blast freezing.
OWSI facility will also have 11 forty-foot container bays and 12 small truck bays.
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