01 Aug 2006
Seven interested parties recently attended the second pre-bid conference conducted by PSALM for the proposed sale of the 100-megawatt Pantabangan and the 12-megawatt Masiway Hydroelectric Power Plants located in Pantabangan, Nueva Ecija.
"We thank the companies for expressing their continued interest in bidding for the hydroelectric power assets of the government," said Mr. Froilan A. Tampinco, PSALM vice president for Asset Management and Electricity Trading.
PSALM, the agency tasked to privatize the generation assets of National Power, discussed with the investors the provisions contained in the revised draft of the "Operation and Maintenance Agreement" (O&M) for the two hydropower plants. The terms and conditions set by the National Irrigation Administration (NIA) regarding the commercial and technical operation and maintenance of the non-power components of the plants were also threshed out.
Under its charter, the NIA administers all irrigation systems and other pertinent non-power components of multi-purpose hydropower facilities. These include the Pantabangan and Masiway Dams that supply the water used by the two hydropower plants to generate electricity.
"PSALM will always endeavor to settle in a timely manner any unforeseen plant specific issues through consultation and dialogue with the interested bidders and concerned agencies of the government," Mr. Tampinco said.
Strategic Communications and Partnership Division |