By Lenie Lectura - August 2, 2019
THE Power Sector Assets and
Liabilities Management Corp. (PSALM) has moved the deadline for the bidding of
its real-estate assets (REA) located in Barangay Aplaya, Jasaan, Misamis Oriental
and Toledo City, Cebu.
The state firm rescheduled the
auction from August 1 to September 5 at 12 noon to give interested bidders more
time to conduct their own due diligence.
The sale of the two land assets is
on an “as is, where is” basis. These lands used to be the location of the
dismantled Aplaya Diesel Power Plant and the Cebu Diesel Power Plant, but are
now either at ground zero or with minimal structures left.
The Aplaya, Misamis Oriental
property consists of 49 lots with a total area of about 155,504 square
meters (sq.m). PSALM has set the minimum bid price at P567.63 million.
The land asset in Toledo City, Cebu,
consists of 21 lots with a total area of about 129,589 sq.m, with a
minimum bid price of P171.47 million.
Proceeds from the privatization of
PSALM’s real-estate assets will be utilized to augment funds to pay off its
assumed financial obligations.
PSALM is the agency mandated by
Republic Act 9136 or the Electric Power Industry Reform Act of 2001 to handle
the sale of the remaining state-power assets and the financial obligations of
National Power Corp.
No comments:
Post a Comment