By Danessa Rivera (The
Philippine Star) | Updated January 14, 2016 - 12:00am
MANILA, Philippines - After a failed
bidding, the Power Sector Assets and Liabilities Management Corp. is looking to
auction off anew the Unified Leyte Geothermal Power Plants in the first half.
PSALM is seeking the green light
from the Department of Energy to bid out the contract for the plant bundled
with the 40-megawatt (MW) remaining strip of energy.
“For 2016, Unified Leyte is targeted
for privatization but is still subject for further policy direction from the
DOE,” PSALM president and CEO Lourdes Alzona said on the sidelines of the
Energy Policy and Development Program Conference in Makati City yesterday.
“Our proposal to the board is to
include the remaining 40 MW strip with PSALM, so it will be the bulk plus the
remaining strip.”
In 2013, PSALM put on the auction
block 200 MW of ULGPP’s capacity called strips of energy, while 40 MW remained
with the agency as security capacity.
PSALM decided to bundle the IPPA
contract with the 40-MW strip following the failed negotiated bid with the
Lopez-led Unified Leyte Geothermal Energy Inc. (ULGEI), Alzona said.
“The negotiations failed because
their offer did not make the 3 p.m. deadline, so we declared a failed
negotiated bidding,” she noted.
ULGEI was the only entity that
submitted a bid for the plant in the September 2015 auction. It was also the
company that withdrew from the project in 2013 following the damage incurred
from Typhoon Yolanda, resulting in the rebidding.
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