Offer Submission for the Malaya Thermal Power Plant will proceed
The Power Sector Assets and Liabilities Management Corporation (PSALM) has scheduled the offer submission and evaluation proceedings on 07 May 2021 as part of the third round of negotiated sale process for the 650-megawatt Malaya Thermal Power Plant (MTPP) and its underlying land, located in Pililla, Rizal. ...
PSALM to conduct bidding for its unserviceable assets, junk and scrap materials through package sale
The Power Sector Assets and Liabilities Management Corporation (PSALM) is holding a public bidding to dispose, through package sale on an “As-Is, Where Is” and “Take All” basis, certain unserviceable assets consisting of junk and scrap materials in various locations....
PSALM attains 99% satisfaction rating in 2020 customer satisfaction survey
The Power Sector Assets and Liabilities Management Corporation (PSALM) obtained a 99% overall satisfaction rating in its 2020 Customer Satisfaction Survey (CSS) conducted by the third-party consultant, Market Relevance Corporation. The 2020 CSS strictly followed the requirements of the Governance Commission for Government-Owned and Controlled Corporations (GCG)....
PSALM adjusts certain dates relative to the privatization of Malaya Thermal Power Plant
The Power Sector Assets and Liabilities Management Corporation (PSALM) Corporation has rescheduled the deadline for the submission of the documentary deliverables for the privatization of the 650-megawatt Malaya Thermal Power Plant (MTPP), from 07 April 2021 to 21 April 2021. Consequently, the offer submission deadline was also adjusted from 23 April 2021 to 07 May 2021. These adjustments in the dates were done in recognition of the challenges that bid participants may face in securing necessary documents while Metro Manila is under Enhanced Community Quarantine (ECQ)....
PSALM declares a successful negotiated sale for the Malaya Thermal Power Plant
The public negotiated sale conducted today by the Power Sector Assets and Liabilities Management Corporation (PSALM) for the privatization of the 650-megawatt (MW) Malaya Thermal Power Plant (MTPP) was a success. Fort Pilar Energy Inc. was declared as the winning negotiating party after it submitted the highest offer with an amount of PHP3,123,500,000.00. This highest offer surpassed the Minimum Offer Price of PHP1,845,222,000.00 that was set by the PSALM Board of Directors for this negotiated sale process....