05 May 2008
Five of the seven investors groups that have signified interest to bid for the 0.8-megawatt Amlan Hydroelectric Power Plant have completed the initial requirements set by the Power Sector Assets and Liabilities Management Corporation (PSALM). The five bidders will move on to the next stages of the bidding exercise, including conducting due diligence on the power facility located in Negros Oriental.
PSALM made the announcement shortly after the deadline for the execution of a Confidentiality Agreement and Undertaking lapsed Wednesday, 30 April 2008.
In its published Invitation to Bid, the government power privatization firm stated that the initial requirements included the submission of a Confidentiality Agreement and Undertaking and the payment of the USD500 participation fee.
Two of the five investor groups had previously participated in the bidding exercises conducted by PSALM.
The pre-bid conference for the Amlan power plant, wherein the prospective bidders can clarify issues and concerns on the bidding procedures, is scheduled on Wednesday, 07 May, while the bidding will be held on 25 June.
The first power facility to be constructed in Negros Oriental, the Amlan hydroelectric plant is designed to operate as a base-load plant supplying power to the town of Amlan and nearby villages.
Strategic Communications and Partnership Division