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Year: 2010

IPPA bidding for Naga power plant complex launched


The Power Sector Assets and Liabilities Management (PSALM) Corporation officially commenced the selection process for the independent power producer administrator (IPPA) of its contracted capacity in the Naga power plant complex in the Cebu Province through the publication of an Invitation to Bid (ITB) today, 07June 2010. The ITB, which will be published until Wednesday, 09 June 2010, announced...

Investors signify interest in Unified Leyte IPPA bidding


At least four investor groups have signified interest in the government's selection of an independent power producer administrator (IPPA) to manage the contracted capacity in the 640-megawatt (MW) Unified Leyte geothermal power plants. The Power Sector Assets and Liabilities Management (PSALM) Corporation said the interested parties, which have completed the initial requirements for the bid exercise,...

Unified Leyte IPPA bidding launched


The Power Sector Assets and Liabilities Management (PSALM) Corporation has commenced the appointment of an independent power producer administrator (IPPA) to manage the contracted capacity in the Unified Leyte geothermal power plants located in Tongonan, Leyte Province. With its publication of the Invitation to Bid starting last Monday (17 May 2010) until Wednesday (19 May 2010), PSALM formally...

Lopez group subsidiary is highest bidder for BacMan geothermal plants


The Power Sector Assets and Liabilities Management (PSALM) Corporation successfully conducted the privatization of the 150-megawatt (MW) Bacon-Manito (BacMan) geothermal power plant package today (05 May 2010), with Bac-Man Geothermal Inc. of the Lopez group emerging as the highest bidder. Bac-Man Geothermal's offer of USD28.25 million (USD28,250,000) for the Bicol-based geothermal plants bested...

Sale of Angat HEPP supported by EPIRA


There is nothing controversial, illegal, or covert in the privatization of the 218-megawatt Angat Hydroelectric Power Plant (HEPP). This was stressed by the Power Sector Assets and Liabilities Management (PSALM) Corporation, which declared the Korea Water Resources Corp. (K-Water) as the highest bidder with its USD440.88-million offer for the Angat HEPP in the bidding held recently. PSALM belied...




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