Ten interested parties in Palinpinon-Panay bidding
In response to the Invitation to Bid published by the Power Sector Assets and Liabilities Management Corporation (PSALM) on Friday, 07 September, a total of ten (10) investors submitted Letters of Interest (LOI) and documentary requirements to bid for the Palinpinon-Panay generation package. ...
RP, JBIC-JEXIM sign power asset transfer agreement
The government's thrust to accelerate the power privatization program was further boosted after the Japan Bank for International Cooperation-Export-Import Bank of Japan (JBIC-JEXIM) gave its consent to the transfer of the generation assets and debts of the National Power Corp. to the Power Sector Assets and Liabilities Management Corp. (PSALM). The JBIC-JEXIM consent also included the transfer of the transmission assets of National Power to the National Transmission Corporation (TransCo) and, by PSALM, the sale of the generation assets and, by way of concession, the transmission assets to investors....
Palinpinon Geothermal and Panay Diesel Plants on the auction block
In line with the government's efforts to accelerate the privatization program and to help boost government revenues, the Power Sector Assets and Liabilities Management Corporation (PSALM) has placed the Palinpinon Geothermal and Panay Diesel Power Plants on the auction block.
PSALM is offering the 192.5-MW Palinpinon Geothermal and 146.5-MW Panay Diesel Power Plants as one Generation Package, which...
21 groups express interest to bid for TransCo concession
Twenty-one investor groups have expressed interest to participate in the bidding for the 25-year concession of the National Transmission Corporation (TransCo), the Power Sector Assets and Liabilities Management Corporation (PSALM) has disclosed. The 21 groups sent their respective Expression of Interest to PSALM before the 24 August deadline for submission.
Of the 21 interested parties, nine come...
11 groups interested to bid for Ambuklao-Binga power plants
The forthcoming public auction for the 75-megawatt (MW) Ambuklao and 100-MW Binga hydroelectric power plants that would be bid out as one package on 28 November drew interest from 11 investor groups, disclosed the Power Sector Assets and Liabilities Management Corporation (PSALM). The prospective investors sent their respective expression of interest to PSALM before the 14 September deadline for submission....