18 Jul 2011
Pilipinas Shell Petroleum Corporation and Petron Corporation will supply the industrial fuel oil (IFO) requirements of the Power Sector Assets and Liabilities Management (PSALM) Corporation for the second half of 2011.
After completing the bid evaluation and the post qualification process, PSALM, in a resolution issued by its Bids and Awards Committee for Fuel, declared Pilipinas Shell's offer of PhP5.27 billion (PhP5,266,275,000.00) for the 150,000-kiloliter (kL) IFO requirements of the Malaya Thermal Power Plant as the Lowest Calculated and Responsive Bid (LCRB).
Also affirmed as LCRBs were the bids of Petron for the IFO requirements of PSALM's Mindanao-based power plants that consist of Power Barge (PB) No. 104, Southern Philippines Power Corp. (SPPC), and Western Mindanao Power Corp. (WMPC). Petron offered PhP525 million (PhP525,387,800.00) for the supply of 14,000 kL of IFO for PB 104; PhP933 million (PhP933,255,800.00) for the 26,500-kL IFO requirement of SPPC; and PhP1.62 billion (PhP1,615,089,150.00) for the 46,500-kL requisite of WMPC.
PSALM issued the Notices of Award to both suppliers last 08 July 2011.
PSALM conducted the bidding for the supply and delivery of its oil-based fuel requirements on 17 June 2011 at its office in Makati City. The Invitation to Bid was published last 20 May 2011.
Strategic Communications and Partnership Division |