PSALM to auction management contract of 8 power plants

Manila Standard Today
By Alena Mae S. Flores | Jun. 05, 2014 at 12:01am

The government is set to offer management contracts for eight power plants with a combined capacity of 1,341.27 megawatts until 2016, according to a report by the Energy Department.

The Electric Power Industry Reform Act of 2001 status report of the Energy Department showed PSALM would appoint independent power producer administrators for eight power assets, including the 728-MW capacity of Caliraya-Botocan-Kalayaan hydro plant in Luzon, which would be privatized by 2016.

Other power plants lined up for IPPA privatization by the Power Sector Assets and Liabilities Management Corp. are the 44.52-MW capacity of Mt. Apo 1 geothermal plant in Mindanao and the 48-MW Mt. Apo 2 plant due for privatization in September this year.

PSALM is also set to offer for IPPA privatization the 140-MW capacity of the Casecnan multi-purpose hydropower plant this year.

PSALM, the agency mandated to manage the assets and liabilities of National Power Corp., is also reviewing the privatization of the 30.75-MW capacity of Benguet mini-hydropower plant.

The government also plans to offer the 200-MW contracted capacity of the Mindanao coal-fired power plant by 2015, 50-MW output of Southern Philippines Power Corp.’s diesel plant and the 100-MW capacity of Western Mindanao Power Corp. diesel plant.

“WMPC and SPPC contracts to expire in 2015 and 2016, respectively; privatization of said plants to be reviewed by PSALM,” the Energy Department said in the report. source