620-MW Limay combined cycle plant sale opens
The Power Sector Assets and Liabilities Management Corporation (PSALM) today (19 May 2008) formally opened the sale of another major generating asset - the 620-megawatt (MW) Limay Combined Cycle Power Plant - with the publication of the Invitation to Bid (ITB) in the country's major newspapers. The ITB will be published until Wednesday, 21 May 2008.
As part of the initial requirements stated in...
Gagasan Steel gets Notice of Award for Manila Thermal plant
The Power Sector Assets and Liabilities Management Corporation (PSALM) yesterday (15 May 2008) issued the Notice of Award to Gagasan Steel Inc., formally declaring the company as the new owner of the decommissioned Manila Thermal Power Plant (MTPP).
In simple rites held at PSALM's Makati office, Vice President for Asset Management and Electricity Trading Froilan A. Tampinco also handed to Gagasan...
Tiwi-MakBan bidding moved to 27 June
The Power Sector Assets and Liabilities Management Corporation (PSALM) has moved the bidding for 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 to 27 June this year.
PSALM decided to extend the bid submission deadline for the Tiwi-MakBan geothermal complex to heed the request of...
PSALM holds pre-bid conference for Amlan hydro
The Power Sector Assets and Liabilities Management Corporation (PSALM) today (Wednesday, 07 May) conducted its scheduled Pre-bid Conference for the sale of the 0.8-megawatt Amlan Hydroelectric Power Plant.
All the five interested bidders for the power facility met with PSALM officials led by Vice President for Asset Management and Electricity Trading Froilan A. Tampinco to clarify issues and concerns,...
PSALM prepays Y27.2 billion of National Power debt
The Power Sector Assets and Liabilities Management Corporation (PSALM) today (02 June) prepaid Y27.2 billion, or around USD263 million, of National Power Corporation's debt. The amount represents Tranche B of the Miyazawa yen-denominated loans extended in 1999 by the Japanese government to National Power to finance a number of transmission projects. "The prepayment will reduce National Power's...