A tale of two hydroelectric plants
Buoyed by improvements in operating efficiencies and prospects of growing demand for electricity in their areas, the new owners of two small hydroelectric facilities turned over by the Power Sector Assets and Liabilities Management Corporation (PSALM) in 2005 are now embarking on capacity expansion projects that will at least double their respective installed capacities....
Prospective bidders of the 600-megawatt Calaca Coal-Fired Thermal Power Plant have until 12 noon of 27 April 2006 to submit their financial bids for the power facility located at Calaca, Batangas. ...
YNN performance bond increased to $14 million as PSALM extends payment deadline to June 30
The Power Sector Assets and Liabilities Management Corporation (PSALM) has required YNN Pacific Consortium Inc. to increase the performance bond by $3 million from $11 million to $14 million....
Joint Statement of Secretary Raphael P.M. Lotilla (DOE) and Secretary Romulo L. Neri (NEDA)
We wish to announce that the Government has accepted Meralco's unconditional offer contained in a letter addressed to President Gloria Macapagal-Arroyo to give its large industrial and commercial customers with demand volume of at least 1MW the choice of determining their own suppliers. Meralco, through its Chairman and CEO Mr. Manuel Lopez, formally indicated that it is making this offer to support the Government's efforts of restructuring and privatization in the power sector pursuant to the Electric Power Industry Reform Act (EPIRA) and in line with the company's decision to concentrate on its distribution business and supply of electricity to its customers. ...
Calaca bidders fail to meet reserve price
First, one of the bidders delivered the bid documents to the wrong venue. Second, the price proposals of both bidders were below the reserve price....