Privatization Update: Disposed Real Estate Assets

As of 31 August 2021, PSALM has disposed a total of 1,645 lots under its Real Estate Assets (REA) portfolio either through public bidding, public auction, government-to-government transaction or option existence notice (OEN), negotiated bidding and Land Lease Agreements:

A. Disposal through Option Existence Notice (OEN)

Property	Location	No. of Lots	Land Area (sq.m.)	SGC	Net Purchase Price	Option Date
Bataan CC Land	Limay, Bataan	51 4	228,616 65,626	Panasia Energy, Inc.	USD2,841,555.00 USD1,343,577.14	31 October 2007 14 February 2018
Batangas CFTPP Land	Calaca, Batangas	27 1 3	375,364 9,548 19,304	Sem-Calaca Power Corporation	PHP365,364,000.00 PHP10,564,504.00 PHP41,335,854.00	25 July 2011 30 August 2017 30 June 2021
Bohol DPP Land	Tagbilaran City, Bohol	5 2 1	15,536 15 11,976	SPC Island Power Corporation	USD448,655.00 USD436.64 USD348,903.90	14 June 2012 08 December 2016 01 June 2017
Masinloc CFTPP Land	Masinloc, Zambales	153 11 2 2	1,057,628 121,797 2,526 12,522	Masinloc Power Partners Corp. Ltd./Alpha Water Realty Services Corporation	PHP528,814,000.00 PHP19,343,097.02 PHP2,812,578.72 PHP14,229,722.36	01 July 2011 26 December 2013 11 October 2017 09 August 2019
Magat HEPP Land	Ramon, Isabela	2	55,900	SN Aboitiz Power	USD747,618.07	31 October 2007
Pantabangan HEPP Land	Pantabangan Nueva Ecija	5 5 1	49,214 23,819 2,511	First Gen Hydro Power Corporation	USD225,493.70 USD110,230.62 USD5,682.87	16 March 2011 28 April 2011 14 February 2018
Total		275	2,051,902		PHP1,235,080,825.93

*Note: The currency of Purchase Price is based on its respective LLAs. To sum up the Net Purchase Price in PHP, use conversion USD1 = PHP48.41, as of 30 September 2020.

B. Disposal through Public Bidding

Property	Location	No. of Lots	Land Area (sq.m.)	Winning Bidder	Financial Bids (In PHP)	Turnover Date
Cebu DPP Property	Toledo City, Cebu	21	109,415	Panasia Energy, Inc.	250,000,000	06 December 2019
Laoag Property	Laoag City, Ilocos Norte	1	3,530	Panasia Energy, Inc.	84,720,000	06 December 2019
Naga Property	Naga, Bicol	1	193	Mr. Eric Alfred Yu Chang Cabral	1,254,500	12 November 2019
Aplaya DPP Property	Jasaan, Misamis Oriental	49	139,266	Panasia Energy, Inc.	600,000,000	06 December 2019
Total		72	252,404		935,974,500

C. Disposal through Negotiated Bidding

Property	Location	No. of Lots	Land Area (sq.m.)	Winning Bidder	Financial Bids (In PHP)	Turnover Date
Agusan Property	Manolo Fortich, Bukidnon	3	10,596	FG Bukidnon Power	28,610,168	2020
Maco Property	Maco, Davao de Oro City	1	1,595	Therma Marine, Inc.	3,209,140	2020
Nasipit Property	Nasipit, Agusan del Norte	1	3,395	Therma Marine, Inc.	4,414,000	2020
Loboc Property	Loboc, Province of Bohol	4	13,204	Sta. Clara Power Corp.	12,200,000	2020
Camalaniugan Property	Camalaniugan, Province of Cagayan	1	2,148	CAGELCO II	3,222,500	11 Dec. 2020
Malaya Property		5	262,807	Belgrove Power Corporation	1,000,000,000	25 Aug. 2021
Total		15	293,745		51,655,808

D. Disposal through Transfer to Another Government Agency

Property	Location	No. of Lots	Land Area (sq.m.)	Winning Bidder	Financial Bids (In PHP)	Turnover Date
Bauang Property	Bauang, La Union	92	261,349.32	Provincial Government of La Union	524,211,660	14 August 2019
Total		92	261,349.32		524,211,660

E. Land Lease Agreements

Property	Location	No. of Lots	Land Area (sq.m.)	Winning Bidder	Financial Bids (In PHP)	Turnover Date
REAs under LLA pending Option Existence Notice Execution		1191	7,188,900	-	-	-

			No. of Lots	Land Area (sq.m.)		Purchased Price (In PHP)
Grand Total			1,645	10,048,300.32		3,788,258,647.93