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Year: 2008

4 bidders vie for Panay-Bohol power plants


The government's hope of achieving its privatization threshold target this year hinges on the four investors who will contend for the 146.5-megawatt (MW) Panay and 22-MW Bohol diesel power plants that the Power Sector Assets and Liabilities Management Corporation (PSALM) will bid out today (12 November 2008). PSALM, the government power privatization firm, will conduct the scheduled sale of the...

SPC gives highest bid for Panay-Bohol power plants


SPC Power Corp. (SPC) gave the highest bid of USD5.86 million (USD5,857,553.34) for the 146.5-megawatt (MW) Panay and 22-MW Bohol diesel power plants in a public bidding held by the Power Sector Assets and Liabilities Management Corporation (PSALM) Wednesday, 12 November 2008. SPC's offer exceeded the reserve price set by the PSALM Board for the two power plants. The Panay and Bohol plants were...

Sual and Pagbilao plants first on IPPA auction block


The Power Sector Assets and Liabilities Management (PSALM) Corporation formally opened Wednesday, 05 November, the bidding for the selection of independent power producer administrators (IPPAs) with the publication of the invitation to bid for IPPAs for the coal-fired Sual and Pagbilao plants. The 1,000-megawatt (MW) Sual power plant in Sual, Pangasinan and the 700-MW Pagbilao plant in Pagbilao,...

Investors remain keen on gov't power assets


Investors remain positive about the government's power privatization program as shown by their attendance in the three pre-bid conferences conducted last September by the Power Sector Assets and Liabilities Management Corporation (PSALM) for the generation assets to be auctioned off before the year ends. The three investor groups seeking to participate in the second round of bidding for the 0.8-megawatt...

PSALM prepays USD184 million of National Power debts


The Power Sector Assets and Liabilities Management Corporation (PSALM), unperturbed by adverse developments in the world financial markets, scheduled its fourth loan prepayment this year in its ongoing efforts to reduce the debts of the National Power Corporation. Last 16 September 2008, PSALM prepaid two yen loans of National Power totaling Y19.76 billion, or USD184.14 million. The loans were extended...




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