PSALM sets 2013 industrial fuel oil requirements

31 Jan 2013

The Power Sector Assets and Liabilities Management (PSALM) Corporation on Thursday (31 January 2013) has commenced its fuel procurement program for 2013 with the procurement of industrial fuel oil (IFO) for various power plants totaling 474 million liters (473,880,000 liters) and has a combined budget of PhP15 billion (PhP14,936,532.00).

In a published invitation to bid, PSALM launched four (4) IFO procurement projects, involving the supply and delivery of the IFO requirements of the 650-megawatt (MW) Malaya Thermal Power Plant (TPP) amounting to 135,240,000 liters; the 145.8-MW Naga Power Plant Complex (NPPC), 132,980,000 liters; the 55-MW Southern Philippines Power Corp. (SPPC), 77,360,000 liters; and the 100-MW Western Mindanao Power Corp. (WMPC), 128,300,000 liters.

"These procurement projects will help ensure stable supply of electricity during the May elections, as well as during the El NiƱo phenomenon that is expected to occur by yearend," PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. stated.

The approved budgets for the contract (ABCs) for the said procurement projects are PhP4,116,877,434.00 for the Malaya TPP situated in Pililia, Rizal; PhP4,482,892,208.00 for the Cebu-based NPPC; PhP2,394,594,011.00 for the SPPC located in Sarangani; and PhP3,942,169,188.00 for the WMPC based in Sangali, Zamboanga.

PSALM requires that bidders should have completed, within five (5) years from the date of submission and receipt of the bids, a contract similar to the project, equivalent to at least 25% of the ABC. A bidder may bid for any or all of the procurement projects. The cost of bidding documents for any of the procurement projects is set at a nonrefundable fee of PhP75,000.00.

PSALM will hold a pre-bid conference for prospective bidders on 07 February 2013 at 10:30 a.m. at its head office in Makati City.

The deadline for the submission and receipt of bids is on 19 February 2013, 10:00 a.m., after which the opening and evaluation of bids will immediately follow at 10:30 a.m.

Strategic Communications and Partnership Division
Tel. No. (632) 9029067