Business World Online
Posted on 09:57 PM, November 01, 2010
THE POWER SECTOR Assets and Liabilities Management Corp. (PSALM) may resume the sale of the state’s remaining generation assets in the first quarter of next year, the head of the state firm said late last week.
"We are taking guidance very closely from [sic] the DoE (Department of Energy)... We are considering [the privatization of the state’s remaining generation assets], but it’s very likely none of them will be for this year," PSALM President Emmanuel R. Ledesma, Jr. told reporters.
He added the earliest period such sales could resume would be the first quarter next year, involving the sale of power barges 101-104 and of the Unified Leyte geothermal power plants.
Bidding for the 110-megawatt (MW) Naga complex could still push through this year if cleared by the department, Mr. Ledesma said, noting the PSALM board has approved four potential bidders.
Privatization of state power assets have been suspended to enable a review of the program.
Also up for sale are the independent power producer administrator contracts for the 782-MW Caliraya-Botokan-Kalayaan hydro plants, 100-MW Western Mindanao Power Corp. diesel plant, the 50-MW Southern Philippines Power Corp. diesel plant, the 200-MW Mindanao coal-fired plant, the 92.52-MW Mt. Apo 1 and 2 geothermal plants and the 165-MW Casecnan hydroelectric plant. -- ENJD
No comments:
Post a Comment