10 Oct 2011
The Power Sector Assets and Liabilities Management (PSALM) Corporation awarded in favor of the joint venture of SPC Light Company and SPC Power Corporation (SPC Power Consortium) the operation and maintenance service contract (OMSC) for the 650-megawatt (MW) Malaya Thermal Power Plant.
According to PSALM President and Chief Executive Officer Emmanuel R. Ledesma Jr., the Bids and Awards Committee (BAC), in a signed resolution, declared the PhP715-million (PhP714,649,999.00) offer of the SPC Power Consortium as the Lowest Calculated and Responsive Bid for the one-year Malaya OMSC.
Ledesma said that although the SPC Power Consortium was the lone bidder that participated in the tender held last 05 September 2011, its offer was within PSALM's approved budget for the contract of PhP716.8 million. He also stated that the SPC Power Consortium passed the post-qualification process set by the BAC in accordance with the Government Procurement Reform Act, its Revised Implementing Rules and Regulations, and other provisions stipulated by the Government Procurement Policy Board.
"PSALM will issue a formal notice awarding the Malaya OMSC to the consortium, which will require the winning bidder to post a Performance Security Bond and enter into a contract with PSALM within 10 calendar days. Our subsequent issuance of the Notice to Proceed after the approval of the contract will formally commence the OMSC contract with SPC Power," Ledesma explained.
Situated in Pililia, Rizal Province, the Malaya Plant was rehabilitated in 1995 by the Korea Electric Power Corporation under a 15-year rehabilitate-operate-manage-maintain agreement. It consists of a 300-MW unit with a once-through type boiler and a 350-MW unit fitted with a conventional boiler.
One of the parties to the SPC Power Consortium, SPC Power Corporation, is the successor owner of the 55-MW Naga Land-Based Gas Turbine (LBGT) Plant after a negotiated bidding conducted by PSALM in October 2009. Prior to the privatization of the Naga LBGT Plant, SPC Power Corporation (formerly known as Salcon Power Corporation) entered into a 15-year contract with the National Power Corporation for the rehabilitation, operation, maintenance and management of the 203.8-MW Naga power plant complex from 1994 to 2009, and an OMSC with PSALM from July 2010 to March 2012.
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