News Room
Year: 2013

Closing of Angat hydro plant sale nears


The Power Sector Assets and Liabilities Management (PSALM) Corporation looks to close soon the sale of the 218-megawatt (MW) Angat Hydro Electric Power Plant (HEPP) after it issued the Certificate of Effectivity (CoE) of the Asset Purchase Agreement (APA) to winning bidder Korea Water Resources Development Corp. (K-Water). In simple ceremonies held on Monday, 02 September 2013, PSALM President and...

8 investors eyeing Agus VI uprating project


A total of eight (8) investor groups are keen on bidding for the uprating project of Units 1 and 2 of the Agus VI hydroelectric power plant, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported recently. PSALM specified that all of said bidders --- Alstom Philippines, Inc.; China International Water & Electric Corporation; Guangxi Hydroelectric Construction Bureau; HydroChina...

Prospective bidders troop to Unified Leyte IPPA bidding


A slew of prospective bidders have expressed interest in the selection and appointment of the Unified Leyte Geothermal Power Plant (ULGPP) Independent Power Producer Administrators (IPPAs), the Power Sector Assets and Liabilities Management (PSALM) Corporation announced recently. Specifically, PSALM said that ten (10) prospective bidders are eyeing the ULGPP IPPA for the bulk energy, namely: Aboitiz...

PSALM opens Round 2 of Naga plant sale


The Power Sector Assets and Liabilities Management (PSALM) Corporation on Tuesday, 27 August 2013, commenced the second round of bidding for the 153.1-megawatt (MW) Naga Power Plant through an Invitation to Bid (ITB). The ITB states that interested parties must submit to PSALM a Letter of Interest (LOI) not later than 5:00 p.m. on 04 September 2013, which is the LOI Submission Deadline. Participants...

8 firms eyeing power barges - PSALM


Under the revised terms of bidding, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported that the sale of Power Barges (PBs) 101, 102, 103 and 104 has drawn eight (8) interested parties. As stated in its published invitation, PSALM required interested parties to submit a Letter of Interest not later than 5:00 p.m. on 01 August 2013, pay a nonrefundable participation fee...




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