News Room
Year: 2013

PSALM holds successful biddings for Unified Leyte IPPAs; top bidders named


The Power Sector Assets and Liabilities Management (PSALM) Corporation President and Chief Executive Officer Emmanuel R. Ledesma, Jr. recently reported that the selection and appointment of Independent Power Producer Administrators (IPPAs) for the Strips of Energy and Bulk Energy of the contacted capacities in the Unified Leyte Geothermal Power Plant (ULGPP), which were held in Makati City on Thursday...

Naga Power Plant bidding fails


The Power Sector Assets and Liabilities Management (PSALM) Corporation today (07 November 2013) has reported that the second round of bidding for the 153.1-megawatt (MW) Naga Power Plant was declared a failure after only one bidder, SPC Power Corporation, submitted a bid. Under PSALM's Bidding Procedures, the PSALM Privatization, Bids and Awards Committee will automatically declare a failure of...

Guangxi JV submits lowest offer for Agus VI uprating project


China-based Guangxi Hydroelectric Construction Bureau and its local joint-venture (JV) partner ITP Construction Inc. was named as the lowest bidder as read, at the bid opening activity for the uprating project of Units 1 and 2 of the Agus VI hydroelectric power plant held on 25 October 2013, the Power Sector Assets and Liabilities Management (PSALM) Corporation has reported. "Using the nondiscretionary...

SPC tops bidding for PBs 101-103


SPC Island Power Corporation has emerged as the highest bidder for Power Barges (PBs) 101-103, while the bidding for PB 104 was declared a failure, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported at the culmination of the bidding held today, 30 October 2013, in Makati City. Specifically, PSALM said SPC Island Power submitted a bid of PhP546 million (PhP545,888,999.99)...

3 groups keen on Naga plant rebidding


The second round of bidding for the sale of the Naga Power Plant has attracted three (3) investor groups, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported. PSALM said that SPC Power Corporation, Therma Power Visayas Inc., and RD Corporation - prospective buyers of the Naga power facility - attended the Pre-Bid Conference it conducted today (12 September 2013) at the...




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