By Lenie Lectura - January 22, 2019
THE Power Sector Assets and
Liabilities Management Corp. (PSALM) urged interested parties to participate in
the pre-negotiation conference for the negotiated sale of the Manila Thermal
Power Plant (MTPP) Land.
The state firm said the conference
is scheduled at 2 p.m. on January 23, at its office in Quezon City.
The conference aims to clarify
issues that interested parties may have on the terms and provisions of the
asset for sale.
“PSALM aims to solicit the insights
of interested parties to help further refine the negotiation documents and
provide proper information to assist them with submitting an offer that
complies with the requirements.
Interested parties will also be
informed of the responsibilities of the winning party in view of the
circumstances underlying the sale of property,” PSALM said.
The expression of interest and
Acceptance of the Negotiation Procedures need to be submitted to the PSALM
Privatization, Bids and Awards Committee before an interested party is
considered eligible and allowed further participation in the negotiation
process.
Interested parties may conduct their
due diligence until January 29. The deadline for the submission of offers
is at noon on January 31, at the PSALM Office, 24th Floor Vertis North
Corporate Center 1, North Avenue, Quezon City.
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