17 Mar 2010
The Power Sector Assets and Liabilities Management (PSALM) Corporation formally launched the sale process for the 150-megawatt (MW) BacMan geothermal power plant package located in the provinces of Albay and Sorsogon with the publication of the Invitation to Bid (ITB) today (17 March 2010).
The ITB, which will run until Friday, 19 March 2010, specifies that the sale will include the BacMan I Geothermal Power Plant located in Manito, Albay, and the BacMan II geothermal power plants situated in Sorsogon City, Sorsogon.
Prospective bidders have until 26 March 2010 to submit a Letter of Interest, which is a prerequisite for the bidding. The interested parties also must execute a Confidentiality Agreement and an Undertaking with PSALM, and pay a non-refundable participation fee of USD2,000.00 not later than 5 p.m. of 29 March 2010 to signify further participation. The Bidding Package will then be issued by PSALM.
The Pre-bid Conference for the Bicol region-based geothermal power plants will be held on 06 April 2010 to discuss the Bidding Procedures. The Bid Submission Deadline is on 05 May 2010.
The BacMan I geothermal plant consists of two 55-MW turbines, which were both commissioned in 1993. BacMan II, on the other hand, consists of two 20-MW units namely, the Cawayan located in Barangay Basud and the Botong in Osiao, Sorsogon City. The Cawayan unit was commissioned in 1994 and the Botong unit in 1998.
The Philippine National Oil Company-Energy Development Corporation supplies the steam fueling the BacMan geothermal power plants.
Corporate Communications Division