As our policy, we should clarify:

1.       we can not sign Exclusive MOU or agency agreement with any agents in the world,  we have too many agents who have successfully helped us with contracts for the last three decades. So we can only work on basis of project to project. please understand our position and situation, but this does not harm your benefits. If you van work well and be capable to help us win more, you are actually our “only one agent�?due to we have no extra time and efforts to work on others�?project.

2.       we only sign MOU for specific projects only after we are fully convinced that the project is ready to start, financing is ready, and we are the only one to be pre-qualified or the only one to be the finall EPC or direct negotiation without tender.

So for each project including the wind farm project, you need to provide:

A.       is the fund or financing ready? If yes, where the financing from? How much? If needing financing from China, has the project been short listed to be financed by your government from China, with guarantee, and what kinds of guarantee will be provided, how much guarantee?

B.       Is the project’s land ready, how many square meters or KM?

C.      Is PPA ready by contract or agreement with GRID company?

D.      Is there and special purpose company for the project? what is the name, who are the shareholders?

E.       Official feasibility study is ready by which country’s consulting firm?

F.       Any technical requirement for the equipments or EPC?

G.      What is the process for awarding contract? Public tenders/negotiation/or other format?

H.      Who are other potential EPC from the world? Any Chinese EPC? Who are they?

I.         What are your relation with the personals behind the project and how can they help us to win (can be informed later face to face). 

And after we are fully informed about these information, we will evaluate your project, and if you and we agree for potential MOU, then, we can setup a meeting for details. We are famous EPC in the world, so we work to international standard and practice, your benefits will be secured after we are awarded the contract and paid by your employers. If you prefer, we can let your Embassy to certify any documents or MOU, to us we are confident there is no problem with us.

Thank you for your email concerning Chinese government concessional loans. After reading your email we have some questions.

1. We can definitely bring good projects to you.  Before submitting any information on the projects such as feasibility studies, can we sign an agreement stating that we are the exclusive agents of the projects we are bringing to you?  This is for our protection.

We usually first let the agent provide project information, which can be protected by NCND, and after that we assess the project, if we are interested, then MOU will be signed, and agency agreement will be signed before EPC contract.

2. For Philippine government projects, it is now difficult to get sovereign guarantees. Is there an alternative to the sovereign guarantee?

Yes, the guarantee can be acceptable from reputable banks, but you know at this time of financial crisis, which bank’s credibility is acceptable for our China Exim to accept?

3. Since you are well connected with China Exim Bank and other Chinese agencies, can you ask them how they financed Philippine government projects?  This information will help us on the proper way to proceed.

At least we China Exim bank has provided financing for your subway, which is contracted by our group company of Sinomach and its sub companies. For detailed projects supporting, most of them are from infrastructure projects which are top listed in your government short listed developing projects with guarantee.

4. For private sector projects, you mentioned that bank guarantee should come from world reputable banks.  Could you tell us which Philippine banks are acceptable?

5. Are the concessional loans applicable for Biofuels Projects also?

It is possible to provide financing for biomass projects, but you know their capacity is not too big, and we have too many projects to handle as EPC, we prefer to bigger ones.

6. What is the commission of the agent?

Usually we provide 5% as commission.