06 Jul 2007
The Power Sector Assets and Liabilities Management Corp. (PSALM) has disclosed that 18 parties have expressed interest to participate in the third round of bidding for the 600-megawatt (MW) Calaca Coal-Fired Thermal Power Plant located in Barangay San Rafael, Calaca, Batangas.
PSALM made the announcement after the deadline for the submission of the Confidentiality Agreement and Undertaking and the payment of the Participation Fee lapsed on 4 July 2007.
PSALM noted that of the 18 prospective bidders, nine were foreign companies and nine were local firms. Of the nine foreign companies, five come from the United Kingdom and Europe and four come from the Asia-Pacific region.
PSALM is scheduled to hold a Pre-bid Conference for the prospective bidders for the Southern Luzon-based power plant on 18 July 2007.
The Calaca facility, which consists of two 300-MW generating units, is primarily designed to run as a base-load plant and can operate as a network-frequency regulating plant at a minimum stable load of 150 MW per unit. Both units are also designed for plant redundancy, which means that one unit can undergo maintenance without affecting the plant's full output.
The Calaca plant was first offered to prospective investors in May 2005, but the auction was canceled after two of the three qualified bidders backed out shortly before the deadline for submission of offers.
The second round of bidding, which was held on 27 April 2006, was also declared a failure because the price proposals submitted by the two bidders were below the reserve price.
Strategic Communications and Partnership Division |