PSALM sets Tiwi-MakBan auction
The Power Sector Assets and Liabilities Management Corporation (PSALM) is set to bid out the 747-megawatt (MW) Tiwi-MakBan geothermal power complex tomorrow (30 July) at the PSALM office in Makati.
Tiwi-MakBan is the first geothermal plant complex that the government privatization firm will be selling. The bidding will help boost the government's ongoing campaign to promote renewable energy sources...
The Power Sector Assets and Liabilities Management Corporation (PSALM) will rebid the 0.8-megawatt (MW) Amlan Hydroelectric Power Plant after the bidding it conducted for the Negros Oriental-based power facility last Wednesday (23 July 2008) was declared a failure.
Only one bidder - Sta. Clara International Corp., which bought the 1.2-MW Loboc Hydroelectric Power Plant in Bohol for USD1.42 million...
PSALM launches sale of Panay-Bohol plant package
The Power Sector Assets and Liabilities Management Corporation (PSALM) today (16 July 2008) opened the sale of the 146.5-megawatt (MW) Panay and 22-MW Bohol diesel power facilities with the issuance of an Invitation to Bid (ITB) for the generation plant package.
The ITB states that interested parties should submit a Letter of Interest to PSALM not later than 5 p.m. of 30 July 2008.
Interested...
PSALM denies setting deadline for Calaca payment
The Power Sector Assets and Liabilities Management Corporation (PSALM) today denied having set a deadline for the payment of the Calaca Coal-Fired Thermal Power Plant.
All parties concerned are committed to close the transaction in accordance with the terms of the contract for the sale of the power plant.
The Calaca plant was bid out on 16 October 2007, with the consortium of Calaca Holdco Inc....
AP Renewables wins Tiwi-MakBan bid
The Power Sector Assets and Liabilities Management Corporation (PSALM) today (30 July 2008) declared the AP Renewables Inc. as the highest bidder in the auction of the 289-megawatt (MW) Tiwi Geothermal Power Plant located in Tiwi, Albay and the 458.53-MW MakBan Geothermal Power Plant situated in Laguna and Batangas provinces, respectively. AP Renewables' offer of USD446.9 million (USD446,888,008.00)...