Statement of Mr. Jose C. Ibazeta re: Conflict of Interest
Statement of Mr. Jose C. Ibazeta in reply to the Joint Congressional Power Commission's (JCPC) request to explain alleged conflict of interest in the National Transmission Corporation (Transco) bidding.
Please click on the link below to view the file....
StatementJCI.pdf (542KB)...
Ambuklao-Binga auction set today
It will be a showdown of three previous winners in the privatization program of the Power Sector Assets and Liabilities Management Corporation (PSALM) which will auction off the 75-megawatt (MW) Ambuklao and 100-MW Binga hydroelectric power plants today (28 November 2007).
Calaca Power Partners Co. Ltd., First Gen Hydro Power Corporation and SN Aboitiz Power Hydro Inc. (SNAP) will contest the right...
No foul play in TransCo prequalification procedures
The Power Sector Assets and Liabilities Management Corp. (PSALM) today responded to public allegations of bidder La Costa Consortium, which was earlier disqualified in the prequalification for the bidding for the National Transmission Corporation (TransCo) business.
"Based on news reports, a case is now pending in court questioning the prequalification proceedings. We are therefore bound by the...
4 bidder groups pass prequalification phase for TransCo
The Power Sector Assets and Liabilities Management Corporation (PSALM) has prequalified four of the five interested bidder groups for the 25-year concession to operate the National Transmission Corporation (TransCo). The four qualified bidders will participate in the final stage of the TransCo bidding process, which is the submission of the technical proposal and financial bid scheduled on 12 December.
PSALM...
SNAP Hydro declared highest bidder for Ambuklao-Binga complex
SN Aboitiz Power Hydro Inc. (SNAP Hydro), fresh from the completion of the privatization of the 360-megawatt (MW) hydroelectric power plant which it won on 14 December 2006, again emerged as the highest bidder for the 75-MW Ambuklao and 100-MW Binga hydroelectric power facilities that the Power Sector Assets and Liabilities Management Corporation (PSALM) bid out yesterday. SN Aboitiz offered USD325...