Eireene Jairee Gomez August 9, 2020
The Power Sector Assets and Liabilities Management Corp. (Psalm) has successfully privatized its real estate assets in Nasipit in Agusan del Norte and Maco in Compostela Valley, raising a total of P36.23 million that can be utilized to pay for remaining liabilities of the National Power Corp. (NPC).
In a statement, Psalm said the lot in Maco with an area of 1,595 square meters was awarded to Therma Marine Inc. with it winning bid amounting to P3.20 million, and the lot with an area of 3,395 sqm in Nasipit was awarded also to Therma Marine Inc. for P4.41 million.
Psalm said the real estate assets covered by the privatization process also included three lots with a total area of 10,596 square meters in Agusan and Manolo Fortich in Bukidnon, with the winning bid offer coming from FG Bukidnon Power amounting to P28.61 million.
All the bid offers were above the minimum bid prices approved by the PsalmBoard of Directors. In compliance with the Psalm policies, the basis used for the minimum bid price was the higher valuation out of the two external appraisal reports that were done on the said real estate assets.
“We are glad that the privatization activity was successful despite the pandemic… The proceeds will be used by us to pay the remaining financial obligations that we got from the National Power Corporation,” said Psalm President and Chief Executive Officer Irene Besido Garcia.
The results of the bidding exercises will be subject to post-qualification process to ensure that the winning bidders met all the financial and legal requirements as indicated in the asset sale provisions, Psalm said.
No comments:
Post a Comment