Five firms expressed interest to join Malaya Thermal Power Plant Disposal Process
The Power Sector Assets and Liabilities Management Corporation (PSALM) Corporation has received five (5) Letters of Interest (LOI) from various firms in the third-round of negotiated sale for the 650-megawatt Malaya Thermal Power Plant (MTPP) and its underlying land, located in Pililla, Rizal. The interested bidders who have submitted their LOIs to participate in the negotiated sale process are as follows: (a) China Gezhouba Group Co., Ltd, (b) Sta. Clara International Corporation, (c) VBB Trucking Trading and Consultancy Services, Inc., (d) Fort Pilar Energy Inc. and (e) AC Energy Philippines, Inc....
PSALM welcomes the issuance of EO No.126
The Power Sector Assets and Liabilities Management Corporation (PSALM) wishes to thank President Rodrigo Roa Duterte and the Department of Finance for the issuance of Executive Order (EO) No. 126. This EO No. 126 reduces the 2020 real property tax (RPT) due on property, machinery and equipment used for production of electricity by independent power producers (IPPs) covered by build-operate-transfer contracts (BOTs) with government-owned or controlled corporations (GOCCs). ...
The Power Sector Assets and Liabilities Management Corporation (PSALM) is offering to bidders the Malaya Thermal Power Plant (MTPP) and its underlying land for a minimum offer price (MOP) of PHP1,845,222,000.00. This amount is lower than the MOP offered in the second round of negotiated sale process at PHP2,007,780,000.00. Financial offers lower than this current MOP will be rejected outright....
PSALM reports its 2020 accomplishments to the Department of Finance
On 19 January 2021, the Power Sector Assets and Liabilities Management Corporation (PSALM) reported its 2020 accomplishments to Secretary Carlos G. Dominguez of the Department of Finance, as follows:...
Four firms attend the pre-negotiation conference for Malaya Thermal Power Plant
Four interested parties, namely, Sta. Clara International Corporation, VBB Trucking Trading and Consultancy Services, Inc., Fort Pilar Energy, Inc., and AC Energy Philippines, Inc., participated in the pre-negotiation conference that the Power Sector Assets and Liabilities Management Corporation (PSALM) held on 09 March 2021, as part of the third round of negotiated sale process for the Malaya Thermal Power Plant (MTPP) and its underlying land....