Privatization
Privatization Update: Decommissioned Plants Sold

As of 31 March 2021, PSALM has successfully transferred five (5) decommissioned plants to winning bidders.

Privatized Decommissioned Plants

Decommissioned Plants
Power Plant Contracted Capacity (in MW) Location Privatization / Turnover Date IPP Administrator Winning Bid Price
Manila Thermal Power Plant -- Manila 25-Apr-08 / 20-Feb-09 Gagasan Steel Inc. USD2,506,000
Cebu Diesel II -- Cebu 22-Jan-09 / 25-May-09 Taifu Metal USD460,000
Aplaya-Gensan -- Misamis Oriental & General Santos 25-May-09 / 02-Oct-09 TEC Industries Inc. USD1,488,000
Sucat Thermal Power Plant -- Muntinlupa, Metro Manila 31-May-17 / 02-Aug-17 Riverbend Consolidated Mining Corporation PhP305,200,000