posted May 29, 2017 at
07:55 pm by Alena Mae S. Flores
Three bidders passed
the pre-qualification process of Power Sector Assets and Liabilities Management
Corp. in the auction of the decommissioned 850-megawatt Sucat Thermal Power
Plant in Muntinlupa City.
PSALM said in a
statement the qualified bidders would be allowed to participate further in the
bidding process and were expected to submit their offers for the Sucat plant on
Wednesday.
“The sale also includes
the obligation to clean up and remediate the site which means that the buyer
shall return the present site to ground zero (road level) free and clear of
wastes, toxic substances, debris and structures,” the agency said.
PSALM earlier said six
bidders initially expressed interest to bid, and subsequently submitted
documents required by the bidding procedures. Only three companies were found
to be fully compliant.
These companies are
Riverbend Consolidated Mining Corp., VPD Trading and G.G. Uy Bonapor Metal
Contractor Co..
The Sucat plant was
operational for 33 years before Units 1 and 4 were decommissioned in January
2000. Units 2 and 3, meanwhile, were shut down in January 2002.
“The successful sale of
this asset advances the interest of the government as the proceeds will be part
of the additional funding source for the liquidation of the National Power
Corporation’s debts assumed by PSALM,” officer-in-charge Lourdes Alzona said
earlier.
PSALM was supposed to
re-bid the Sucat facility last year but it had to wait for clearance from the
Environment Department.
PSALM manages the
assets and liabilities of Napocor. The PSALM board approved the privatization
of decommissioned Sucat plant in September last year.
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