PSALM holds pre-bid conference for Naga power plant
The Power Sector Assets and Liabilities Management (PSALM) Corporation reported that all the four (4) prospective bidders of the third round of bidding for the 153.1-megawatt (MW) Naga Power Plant attended the Pre-Bid Conference that PSALM conducted today (24 February 2014).
PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said AC Energy Holdings, Inc.; SPC Power Corporation;...
Four groups eye Naga power plant
"The third round of bidding for the sale of the 153.1-megawatt (MW) Naga Power Plant has drawn the interest of four (4) investor groups," Power Sector Assets and Liabilities Management (PSALM) Corporation President and Chief Executive Officer Emmanuel R. Ledesma, Jr. has reported.
Mr. Ledesma made the announcement after the lapse of the deadlines for the initial requirements, namely, the submission...
PSALM denies causing Meralco rate hike
("Malaya is a valuable plant" - Part 2)
"MERALCO and Aboitiz Power's whole-owned subsidiary Therma Mobile Inc. cannot believably complain that they have been deceived that Malaya Thermal Power Plant (Malaya) was trading and being dispatched in the Wholesale Electricity Spot Market (WESM) bidding process during the 2013 Malampaya gas facility shutdown, as WESM trading participants have known or ought to have known that such has not been the...
Malaya is a valuable plant (Part 1)
Much has been said about PSALM's supposed fault by not trading the Malaya Thermal Power Plant (Malaya) capacity in the Wholesale Electricity Spot Market (WESM) during the 2013 Malampaya shutdown, thereby allegedly causing or contributing to the MERALCO price hike. As a consequence, Malaya has been incorrectly branded as a useless plant.
"It appears then that Malaya's vital contribution to the power...
PSALM procures 2014 IDO and IFO partial requirements
In separate Invitations to Bid published on Monday (24 February 2014), the Power Sector Assets and Liabilities Management (PSALM) Corporation has commenced the procurement activities for the supply and delivery of its partial industrial diesel oil (IDO) and industrial fuel oil (IFO) requirements for CY 2014. "The IFO and IDO procurement projects shall ensure the operation of several government-owned...