09 Oct 2014
The Power Sector Assets and Liabilities Management (PSALM) Corporation has awarded the one-year Operation and Maintenance Service Contract (OMSC) for the 650-megawatt (MW) Malaya Thermal Power Plant (TPP) to Korean firm STX Marine Service Co. Ltd.
"On 30 September 2014, PSALM issued the notice to STX Marine awarding the Malaya OMSC to the Korea-based firm," PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said.
"STX Marine has been determined by PSALM to be compliant with and responsive to all the requirements and conditions of the Bidding Documents and is thereby declared as the bidder with the Lowest Calculated Responsive Bid, and thus, awarded the contract," Mr. Ledesma explained.
"Likewise, after conducting a detailed evaluation of the bid, the winning bid of STX Marine for the Malaya OMSC has been recalculated to PhP298 million (PhP297,799,028.80)," Mr. Ledesma added.
STX Marine's original bid as read during the bid opening held on 12 August 2014 was PhP302 million (PhP302,149,988.64). The amount edged out the PhP429-million (PhP428,777,888.00) offer of second bidder SPC Malaya Power Corporation, which is also the current O&M provider of the Malaya TPP.
STX is engaged in the design, construction, supervision and repair of system or equipment related to energy. The company is also a provider of maritime solutions, and among its services are ship management, marine transportation and brokerage, and ship design, construction, leasing and repair.
The Malaya TPP is located in Pililla, Rizal Province, and is being managed by PSALM through an OMSC. It consists of a 300-MW unit with a once-through type boiler and a 350-MW unit fitted with a conventional boiler. It was rehabilitated in 1995 by the Korea Electric Power Corporation under a 15-year rehabilitate-operate-manage-maintain agreement.
Strategic Communications and Partnership Division |