Published Aug 12, 2018
THE government has set
a minimum bid price of P885 million for the sale of the Manila Thermal Power
Plant (MTPP) site.
“The Power Sector
Assets and Liabilities Management Corp. [PSALM] is republishing its Invitation
to Bid [ITB] for the sale of the MTPP Land setting. The board approved the
minimum bid price for the property at P885,746,650.00,” said the state firm
tasked to dispose of the assets of the National Power Corp.
PSALM said the ITB
published last week does not refer to a new project, but merely intends to
inform interested bidders of the land’s minimum bid price. The first ITB,
published in December 2017, did not disclose the minimum bid price at that
time.
“Any bid below the
minimum bid price will be automatically rejected during bid opening. Interested
parties are, likewise, informed that the property will be sold on an ‘as is,
where is’ basis,” PSALM said.
Bidding is open to
individuals and sole proprietorships, partnerships or corporation, joint
ventures or consortiums, government corporate entities and local government
units authorized by law to acquire, own, hold or develop real properties in the
Philippines. If the bidder or any of its components is a corporation, it must
be duly registered and organized under the laws of the Philippines and at least
60-percent Filipino-owned.
The property is
situated in Isla de Provisor along the Pasig River in Paco, Manila. Comprised
of eight lots, the property has an approximate area of 20,975 square meters.
The sale of the
real-estate property is primarily aimed at augmenting its funding sources which
will be used in servicing assumed financial obligations.
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