10 Apr 2008
The Power Sector Assets and Liabilities Management Corporation (PSALM) opened the public bidding for the 0.8-megawatt (MW) Amlan Hydroelectric Power Plant with the publication today (10 April) of the invitation to bid for the facility.
Interested parties are required to submit a Letter of Interest by 5 p.m. on 29 April 2008. The Bidding Package, which includes the Bidding Procedures, will be issued to compliant interested parties from 24 April until 30 April.
PSALM has authorized interested parties to conduct due diligence activities on the power plant from 14 April to 23 June. A pre-bid conference, where potential bidders can request clarification on the bidding process, is scheduled on 07 May. The bidding will be held on 25 June.
The hydroelectric plant, located at Amlan, Negros Oriental, is the first power facility to be constructed in the province. It consists of two horizontal shaft type 400-kilowatt turbine generators and is designed to operate as a base-load plant supplying power to the town of Amlan and nearby villages.
PSALM noted that its sale of the generating assets of National Power Corporation has been very successful in the last two years. It sold the 112-MW Pantabangan-Masiway plant package and the 360-MW Magat hydro power plants in 2006. Last year, the government's privatization program was further strengthened with the sale of the 600-MW Masinloc and 600-MW Batangas (Calaca) coal-fired power plants, and the 175-MW Ambuklao-Binga hydroelectric power plant package.
Strategic Communications and Partnership Division