The Power Sector Assets and Liabilities Management Corporation (PSALM) Board of Directors awarded the 2019 service contract for the operation and maintenance of the 650-megawatt Malaya Thermal Power Plant (TPP) to Korean company Soosan ENS Co., Ltd. (Soosan ENS). The term of the said operation and maintenance contract shall be for a period of one year, or until the plant’s privatization.
With an approved budget of PhP213,000,000.00, Soosan ENS, was declared the lowest compliant bidder with its PhP205,734,144.00 offer, following its post-qualification.
PSALM issued the Notice of Award to Soosan ENS after it passed all eligibility and technical assessment. The signing of the contract and the issuance of Notice to Proceed were subsequently held on 21 January 2019.
The Malaya TPP, located in Pililla, Rizal, is designated as a must-run unit by the Department of Energy.
In the photo:
Present in the Signing Ceremony for the Operation and Maintenance Service Contract of Malaya TPP are Soosan ENS Vice President Park Byung Ju and PSALM President and CEO Irene Joy Besido-Garcia