Published November 21, 2018, 10:00
PM By Myrna
M. Velasco
With the aid of a third party consultant,
state-run Power Sector Assets and Liabilities Management Corporation (PSALM)
will rework divestment packages for its remaining energy conversation
agreements (ECAs) or supply contracts with independent power producers (IPP).
The company is dangling P22.6
million as professional fee to the proposed consultancy services that will be
drawn up for the specified power assets. This will be integrated in the
state-owned company’s 2019 budget.
The assets to be covered by the
consultancy work shall include proposed privatization packages for the
Caliraya-Botocan-Kalayaan (CBK) and Casecnan hydro facilities; the Unified
Leyte geothermal plant; Mindanao 1 and 2 geothermal power plants and the
Mindanao coal-fired power facility.
“PSALM will evaluate the most beneficial and
feasible privatization options and structures for its remaining IPP contracts
through the assistance of a third party consultant,” the company said.
On the consultancy engagement, PSALM
noted that bid opening will be held on December 4 this year. “Interested
bidders who submitted eligibility documents and have paid the applicable fee
amounting to P25,000 will be shortlisted,” the state-run firm stipulated.
The consultancy work will be for a
period of five months (150 days) from the time that the notice to proceed had
been served to the winning bidder.
PSALM qualified that “the winning
firm is tasked to study the technical, contractual, legal, commercial and
plant-specific issues affecting the IPP contracts.”
At the same time, the third party
consultant shall “review relevant agreements and applicable laws, conduct
consultations with concerned agencies and private entities and conceptualize
technical, financial and legal frameworks for the proposed privatization
options and structures.”
The power supply contracts of the
IPPs originally contracted by the National Power Corporation (and eventually
transferred to PSALM) are generally privatized through the appointment of IPP
Administrators (IPPAs) that will be trading and selling their respective
capacities.
Nevertheless, for some of the
assets, there have been unique features to resolve relative to their
privatization pathway – such as the post-build operate transfer (BOT) ownership
of the Casecnan hydro plant.
And for the Unified Leyte geothermal
facility, the proposed privatization of its bulk capacity will likewise be
re-evaluated following some hurdles that IPPAs had run into on the privatized
40-megawatt “strip capacities” of the facility.
No comments:
Post a Comment