Business World Online
Posted on May 30, 2012 11:21:22 PM
REBIDDING OF the operations of a power facility in Cebu has been scheduled next month, the Power Sector Assets and Liabilities Management Corp. (PSALM) said yesterday, pending a congressional probe on the sale of generated electricity.
PSALM will bid out the operations contract for the 145.8-megawatt (MW) plant on June 21, with a pre-bid conference set for June 8. It has approved a P34-million budget for the one-year contract.
Interested bidders must pay a non-refundable fee of P75,000 for the bid documents, PSALM said.
Bidding in February failed due to the lack of participants.
PSALM then entered into a six-month negotiated contract with SPC Power Corp., the current operator, to continue operating the plant. The contract will expire in September.
The contract for the power plant’s independent power producer administrator (IPPA) was supposed to be bid out last year, but was stalled upon request of the Joint Congressional Power Committee pending a probe on legal issues surrounding the offer.
PSALM deferred the privatization of Naga’s contracted capacity in October last year.
Lawmakers have claimed that the "right to top" the bidding by SPC Power was illegal. The scheme was the result of a land lease agreement entered into by PSALM, the National Power Corp. and SPC Power to build the 55-MW Naga land-based gas turbine located near the power plant complex. The deal gave SPC Power the right to top bidding on properties in the vicinity of the gas turbine.
Bidding for the operation and maintenance services will allow the private sector to run the plant, while the IPPA remains with the government. The complex is composed of the 40.8-MW Cebu diesel power plant and the 105-MW Cebu thermal power plant in Naga, Cebu.
PSALM is the agency mandated by the Electric Power Industry Reform Act of 2001 to handle the privatization of the state-owned power assets. -- E. N. J. David source
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