PSALM to appoint IPPA for Mt. Apo geothermal plants in Q3
The Power Sector Assets and Liabilities Management (PSALM) Corporation has been granted authority to commence the selection and appointment of the independent power producer administrator (IPPA) for the Mindanao-based Mt. Apo 1 & 2 geothermal power plants.
"During the meeting of the PSALM Board of Directors on 29 January 2014, we have been given the authority to commence the sale process for the...
PSALM welcomes prospective bidders for Sucat plant
This year's sale process for the government's power assets commenced on Tuesday (07 January 2014) as the Power Sector Assets and Liabilities Management (PSALM) Corporation held the Pre-bid Conference for prospective bidders of the decommissioned 850-megawatt (MW) Sucat Thermal Power Plant.
All nine (9) interested parties - six (6) Filipino and three (3) foreign firms - attended the pre-bidding activity,...
Sale of decommissioned Sucat plant draws nine investor groups
With the lapse of the deadlines for the submission of the initial bidding requirements, Power Sector Assets and Liabilities Management (PSALM) Corporation President and Chief Executive Officer Emmanuel R. Ledesma, Jr. reported that a total of nine (9) investor groups have expressed interest in the sale of the decommissioned 850-megawatt (MW) Sucat Thermal Power Plant.
"As PSALM kicks off its 2014...
PSALM sets 3rd round of bidding for Naga plant
The Power Sector Assets and Liabilities Management (PSALM) Corporation has commenced the third round of bidding for the sale of the 153.1-megawatt (MW) Naga Power Plant on Wednesday, 06 February 2014, with the publication of the Invitation to Bid (ITB). "After obtaining the necessary approval from the Board of Directors, we have formalized the commencement of the Naga sale process through the ITB...