By Lenie Lectura July 24, 2020
Two power firms have expressed
interest to bid for the real-estate properties of the Power Sector Assets and
Liabilities Management Corp. (PSALM).
The state firm said FG Bukidnon
Power Corp. (FGBPC) and Therma Marine Inc. (TMI) participated in the pre-bid
conference last July 21.
FGBPC and TMI are wholly-owned
subsidiaries of First Gen Corp. and Aboitiz Power Corp., respectively.
PSALM is selling its Agusan, Maco,
Nasipit and Puerto Azul real estate assets to augment funds to settle the state
firm’s assumed financial obligations. The sale of these assets could reach
almost P40 million. The minimum bid price for the 10,596-square meter Agusan
Property is set at P23,841,000.00. The Maco Property with an indicative area of
1,595 square meters has a minimum bid price of P3,209,140.00.
The Nasipit Property has an
indicative area of 3,395 square meters with a minimum bid price of
P4,414,000.00. Lastly, the two condominium units in Puerto Azul Complex,
namely, Unit B5-B and B5-C, each with a gross floor area of 247.22 sq. meters,
will be sold separately. Unit B5-B minimum bid price is set at P4,119,700.00
while Unit B5-C includes one No-par Value Proprietary Share under Class A Stock
Certificate No. 109, with a minimum bid price of P3,757,800.00.
The bidding is on an “as-is,
where-is” basis, and upfront full payment is required.
PSALM said the pre-bid conference is
an opportunity for prospective bidders to clarify issues and concerns they may
have on the terms of the sale. The bid submission is set on August 6.
Only parties who paid the
participation fee will be allowed to participate in the sale of the
aforementioned real estate assets.
PSALM announced the other day that
it is also selling its property in Paco, Manila for P513,439,000.00.
The auction for the 20,975-square
meter property will take place on September 10. The property, which is composed
of eight lots, used to be the site of the former Manila Thermal Power Plant in
Isla de Provisor, Paco, Manila.
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