DOF commends successful privatization of Casecnan Hydroelectric Power Plant
The Department of Finance (DOF) commended the Power Sector Assets and Liabilities Management Corporation (PSALM)’s successful competitive bidding process for the sale of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP) in Pantabangan, Nueva Ecija....
The Department of Energy lauds the Power Sector Assets and Liabilities Management Corporation (PSALM Corporation) for the efficient and successful public bidding of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP). At the bidding held on 16 May 2023, PSALM secured the highest bid from Fresh River Lakes Corporation amounting to USD 526,000,000.00. Additionally, notable bids were received from the consortium of EEI Power Corporation, Soosan ENS. Co. Ltd., Soosan Industries Co. Ltd., and Mapalad Power Corporation amounting to USD 298,899,999.00 and Neptune Hydro Inc. amounting to USD 258,000,000.00....
Eight qualified bidders vie for PSALM’s 165-MW Casecnan plant on 16 May 2023
The Power Sector Assets and Liabilities Management Corporation (PSALM) has qualified eight (8) entities to proceed in the bidding for the sale of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP) in Pantabangan, Nueva Ecija....
PSALM invites buyers for its property in Sudipen, La Union
The Power Sector Assets and Liabilities Management (PSALM) Corporation is inviting interested parties to the sale of its land property located in Barangay Turod, Sudipen, La Union. The deadline for the submission of bids is set on 31 May 2023, at 2:00 PM which will be immediately followed by the opening of the submitted bids....
PSALM issues Notice of Award to winning bidder for Casecnan power plant
After undergoing a thorough post-qualification process, the Power Sector Assets and Liabilities Management Corporation (PSALM) has issued the Notice of Award (NOA) to Fresh River Lakes Corporation (FRLC), a subsidiary of the Lopez Group's First Gen Corporation. The NOA declares FRLC as the winning bidder for the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP), situated in Pantabangan, Nueva Ecija....