The Power Sector Assets and Liabilities Management (PSALM) Corporation has commenced the sale of the 153.1-megawatt (MW) Naga Power Plant Complex (NPPC) with the publication of the invitation to bid (ITB) on Friday, 17 May 2013.
The ITB states that investor groups wishing to participate in the bid have until 5 p.m. of Monday, 27 May 2013, to submit a Letter of Interest.
Interested parties are...
PSALM sets bidding for fuel requirements of power barges
The Power Sector Assets and Liabilities Management (PSALM) Corporation has launched the bidding for the procurement of industrial fuel oil (IFO) for Power Barges (PB) 101-104 through the publication of an Invitation to Bid (ITB) on Wednesday, 15 May 2013.
"The continuous operation of these barges will help augment the grid power requirements especially during peak hours," said PSALM President and...
PSALM to resell power barges under new terms
With the approval of its board of directors, the Power Sector Assets and Liabilities Management (PSALM) Corporation will again bid out Power Barges (PB) 101, 102, 103 and 104 in the second semester this year.
"After due consideration, the PSALM board has approved the privatization of the power barges through another round of public bidding that includes some changes in the terms of the sale," PSALM...
PSALM questions ERC ruling on double charging
The Power Sector Assets and Liabilities Management (PSALM) Corporation will file a motion for reconsideration to the 04 March 2013 order of the Energy Regulatory Commission (ERC) on the transmission line loss double charging case filed by the Manila Electric Co. (Meralco). PSALM said that the methodology adopted by the ERC deviated from the 10 March 2010 ERC decision, which was final and executory....
Sale of Naga Complex draws five interested parties
With the lapse of the deadline for the submission of the initial requirements, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported a total of five investor groups eyeing the Naga Power Plant Complex (NPPC). "We welcome the five local investor groups who submitted the initial requirements for the NPPC bid, which is the first power asset that PSALM has lined up for privatization...