Supply contract boosts PSALM's confidence of selling Tiwi-MakBan package
The Power Sector Assets and Liabilities Management Corporation (PSALM) is confident of gaining the full support and participation of the prospective investor groups in the upcoming bidding exercise for the 747-megawatt (MW) Tiwi-MakBan geothermal power complex to be held by June this year.
PSALM's confidence was bolstered after it successfully worked with the National Power Corporation in attaching...
Gagasan Steel buys Manila Thermal plant for USD2.5M
The Power Sector Assets and Liabilities Management Corporation (PSALM) last Friday (25 April 2008) completed negotiations with Gagasan Steel Inc. for the sale of the decommissioned Manila Thermal Power Plant (MTPP) to successfully close the transaction for one of the retired power assets of the National Power Corporation.
The government power privatization firm, which is also tasked to sell the...
PSALM turns over Masinloc power plant to winning bidder
The Power Sector Assets and Liabilities Management Corporation (PSALM) formally turned over today (16 April) the 600-megawatt (MW) Masinloc Coal-Fired Thermal Power Plant to Masinloc Power Partners Co. Ltd. (MPPCL) in simple ceremonies.
MPPCL, a consortium led by Singapore-based AES Transpower Pte. Ltd., was declared the highest bidder for the Masinloc power plant in the bidding held last 26 July...
PSALM starts sale of Amlan hydro plant
The Power Sector Assets and Liabilities Management Corporation (PSALM) opened the public bidding for the 0.8-megawatt (MW) Amlan Hydroelectric Power Plant with the publication today (10 April) of the invitation to bid for the facility.
Interested parties are required to submit a Letter of Interest by 5 p.m. on 29 April 2008. The Bidding Package, which includes the Bidding Procedures, will be issued...
5 groups complete initial requirements for Amlan bid
Five of the seven investors groups that have signified interest to bid for the 0.8-megawatt Amlan Hydroelectric Power Plant have completed the initial requirements set by the Power Sector Assets and Liabilities Management Corporation (PSALM). The five bidders will move on to the next stages of the bidding exercise, including conducting due diligence on the power facility located in Negros Oriental. PSALM...