10 Mar 2015
Through an Invitation to Bid (ITB) published on Tuesday (10 March 2015), the Power Sector Assets and Liabilities Management (PSALM) Corporation has commenced its procurement projects for the supply and delivery of industrial fuel oil (IFO) for several power plants this year.
The ITB stated that PSALM will procure a total of 235 million liters of IFO, with an accumulated budget of PhP5.44 billion (PhP5,439,019,241.00). The three (3) projects are broken down as follows:
- 35 million liters for the Malaya Thermal Power Plant (TPP) in Rizal, which has an Approved Budget for the Contract amounting to PhP854 million (PhP854,368,113.00);
- 72 million liters for the Southern Philippines Power Corp. (SPPC) in Zamboanga City, with an ABC of PhP1.66 billion (PhP1,664,310,181.00); and
- 128 million liters for the Western Mindanao Power Corp. (WMPC) in Sarangani Province, with an ABC of PhP2.92 billion (PhP2,920,340,947.00).
"Especially with the incoming lean supply of electricity this summer, these fuel purchases are essential for supply stability through the operation of these power plants all throughout the year," PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said.
Mr. Ledesma stressed that PSALM requires prospective bidders to have similar experience on the subject procurements within the last five (5) years from the date of the submission and receipt of bids. "The ITB states that the allowable experience is a similar contract that is equivalent to at least 25 percent of the ABCs," he specified.
In addition, interested parties must pay a nonrefundable fee of PhP75,000.00 for the Bidding Documents for each of the three (3) procurement projects.
The Pre-bid Conference, scheduled on 17 March 2015, 10 a.m. at PSALM's Makati City office, will only be open to those who have purchased the Bidding Documents.
The deadline for the submission of bids, is on 07 April 2015 at exactly 10:00 a.m., after which, the Bid Opening activity will commence at 10:30 a.m. PSALM cautioned that late bids will not be accepted.
Corporate Communications Division