The Board Review Committee and the Board of Directors of the Power Sector Assets and Liabilities Management Corporation (PSALM) approved on 07 September 2021 the authority of PSALM to undertake the public bidding for the Operations and Maintenance (O&M) for the 165-megawatt Casecnan Multi-Purpose Project (CMPP). ...
PSALM successfully privatizes the Paco-Manila Property
The Power Sector Assets and Liabilities Management Corporation (PSALM) privatized its Paco-Manila Property, today, 10 September 2021 through the successful conduct of its negotiated sale process. Manila Electric Company (MERALCO) submitted the highest offer, amounting to PHP 632,162,185.00, and was thus declared as the winning party. This offer of MERALCO surpassed the PSALM Board-approved Minimum Offer Price of PHP527,087,552.00. ...
PSALM invites bidders for its prime property in Mexico, Pampanga
The Power Sector Assets and Liabilities Management Corporation (PSALM) is conducting the second round of public bidding for the sale of its 50,447-square-meter real estate property in Brgy. Lagundi, Mexico, Pampanga. The Minimum Bid Price for the property set by the PSALM Board is PHP741,327,000.00. The deadline for the submission of bids for the property is on 20 October 2021, 2:00 PM after which the opening of bids will immediately follow....
PSALM to procure Casecnan hydro plant’s operation and maintenance contract
The Power Sector Assets and Liabilities Management Corporation (PSALM) will immediately procure an Operation and Maintenance Service Contract (OMSC) for the Casecnan Multi-Purpose Project (CMPP). This is to ensure the continuing operations of the CMPP’s irrigation component and the 150-megawatt (MW) Hydroelectric Power Plant component after the ownership of the CMPP is turned over to the government in December 2021....
PSALM conducts a pre-bid conference for its Mexico Property and attracts 2 prospective bidders
The Power Sector Assets and Liabilities Management Corporation (PSALM) conducted a pre-bid conference on 15 September 2021 as part of the process for the second round of public bidding for its property in Mexico, Pampanga. The bid submission deadline for this asset is set on 20 October 2021 at 2:00 PM, which will be followed immediately by the opening and evaluation of bids....