9 of 10 interested bidders for Tiwi-MakBan power plants comply with initial requirements
The public bidding for the 747-megawatt (MW) Tiwi-MakBan geothermal power complex that would be bid out as one package on 04 June drew interest from 10 investor groups, disclosed the Power Sector Assets and Liabilities Management Corporation (PSALM). The parties sent their respective expressions of interest to PSALM before the 12 March deadline for submission.
One of the 10 interested investors...
PSALM prepays yen loans of National Power
The restructuring of the Philippine power industry reaches another important milestone today (19 March 2008) as the Power Sector Assets and Liabilities Management Corporation (PSALM) prepays the three yen-denominated loans of the National Power Corporation worth Y16.887 billion (Y16,887,848,963), or around USD174 million. The amount consists of the principal and the accrued interest of Y2.5 million...
PSALM readies bidding for IPPAs
The Power Sector Assets and Liabilities Management Corporation (PSALM) held a series of consultations in February and March this year with the Philippine Independent Power Producers Association, potential investors, plant managers of independent power producers (IPPs), distribution utilities and members of financial institutions to ensure that all perspectives are taken into account as PSALM finalizes...
The Power Sector Assets and Liabilities Management Corporation (PSALM) strongly denied it has threatened to forfeit the performance bond of Masinloc Power Partners Co. Ltd. (Masinloc Power) for the sale of the Masinloc Thermal Power Plant.
"PSALM and Masinloc Power are acting as a team to accelerate the closing of the transaction and, to this end, PSALM has maintained open communications with Masinloc...
PSALM to hold 2nd pre-bid conference for Tiwi-MakBan
The Power Sector Assets and Liabilities Management Corporation (PSALM) will conduct a second pre-bid conference for the 747-megawatt (MW) Tiwi-MakBan geothermal power complex to address issues and concerns raised by the prospective bidders in the first pre-bid consultation held last Wednesday (02 April) at the PSALM office in Makati. PSALM posted a perfect play Wednesday as all nine of the investor...