Tuesday, December 27, 2016

PSALM says 4 companies interested in bidding for Malaya plant

Posted on December 22, 2016

THE Power Sector Assets and Liabilities Management Corp. (PSALM) has received “letters of interest” from four companies for the 650-megawatt (MW) Malaya thermal power plant, the government agency’s bids committee said.
PSALM officer-in-charge Lourdes S. Alzona identified the companies as APT Global, Inc., Phinma Energy Corp., Riverbend Consolidated Mining Corp. and AC Energy Holdings Inc.

They filed the required documents by 5:00 p.m. on Dec. 20, the deadline. The bidding is scheduled on March 8, 2017.

Malaya thermal power plant in Pililla, Rizal has two units, with the first one -- at 300 MW -- was commissioned in August 1975 and the second in April 1979, information from PSALM’s Web site shows. Fired by bunker fuel, the plant is operated by the National Power Corp.

Latest data covering 2014 show the plant’s first unit to have a dependable capacity of 60.61 MW, while the second unit has 307.23 MW, for a total of 367.84 MW.

PSALM is selling the Malaya plant on an “as is, where is” basis, thus disclaiming liability for the state of the facility being sold. Only parties that submitted a letter of intent by the submission deadline will be allowed to participate further in the privatization of the asset.

The agency said the interested parties that submitted the letter of intent must be the same ones that will participate in the privatization process. They should also be the ones to bid and enter into the pertinent agreements. -- Victor V. Saulon

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