Negotiated sale for Power Barges 101-104 fails
Negotiations between the Power Sector Assets and Liabilities Management (PSALM) Corporation and the Trans-Asia Oil and Energy Development Corporation for the sale of Power Barges (PB) 101, 102, 103 and 104 were declared a failure after Trans-Asia declined to meet the reserve price set by the PSALM Board for the power facilities.
Trans-Asia, an affiliate of the Phinma Group, was the lone bidder...
PSALM opens bidding for operation and maintenance of Malaya plant
The Power Sector Assets and Liabilities Management (PSALM) Corporation has formally opened the bidding process for the service contract to operate and maintain the 650-megawatt (MW) Malaya Thermal Power Plant for a one-year period.
PSALM's Invitation to Bid (ITB) published last Monday, 23 July 2012, indicates that the Operation and Maintenance Service Contract (OMSC) for the Malaya facility has...
Four investor groups join pre-bid conference for PB 101-104
Four (4) investor groups are participating in the sale of the diesel-fired Power Barge (PB) Nos. 101, 102, 103 and 104 after completing the initial requirements set by the Power Sector Assets and Liabilities Management (PSALM) Corporation for the privatization of the four power facilities.
The four prospective bidders, three of whom had previously participated in PSALM's bidding activities, submitted...
PSALM commences rebidding of Power Barges 101-104
The Power Sector Assets and Liabilities Management (PSALM) Corporation has officially started the second round of bidding for Power Barge Nos. 101, 102, 103 and 104 after it published in local newspapers last Wednesday, 20 June 2012, the Invitation to Bid (ITB) for the assets.
The publication comes at the heels of the approval of the rebidding granted by the PSALM Board of Directors.
"PSALM...
PSALM: Proper computation necessary for consumer refund
The Power Sector Assets and Liabilities Management (PSALM) Corporation recognizes the finality of the decision of the Energy Regulatory Commission (ERC) dated 10 March 2010 finding that there was double charging in transmission line costs for Transition Supply Contract (TSC) quantities from the start of the Wholesale Electricity Spot Market (WESM) Luzon commercial operation in June 2006. However,...