PSALM opens 2nd round of bidding for Sucat TPP

13 Nov 2015

The Power Sector Assets and Liabilities (PSALM) Corporation Wednesday (11 November 2015) opened the second round of bidding for the sale of the Structures, Plant Equipment, Auxiliaries and Accessories of the Decommissioned 850 MW Sucat Thermal Power Plant (STPP) 850-megawatt (MW) located in Muntinlupa City.

In the Invitation to Bid published in several newspapers, PSALM stated that the STPP would be sold on an "as is, where is" basis.

Interested parties should submit a Letter of Interest (LoI) stating their full name, address, telephone and fax number, and name of principal contact. The LoI should be signed by an authorized representative.

Deadline for submission of the LoI is not later than 5 p.m., Monday, 23 November 2015. The pre-bid conference will be held on Tuesday, 24 November 2015, at 2 p.m.

The bidding proper will be conducted at the PSALM offices in Makati City on Monday, 15 February 2016, with the Bid Submission Deadline set at exactly 12:00 noon. Only parties that have submitted an LoI will be allowed to participate in the disposal of the asset.

"The disposal of the STPP is in support of the Department of Energy (DoE)'s Natural Gas Master Plan (BATMAN Pipeline). The disposal and site cleanup is synchronized with Master Plan schedule which indicates that the STPP land should be available by mid-2018 for the construction/operation of a combined-cycle gas turbine power plant. The proceeds from this disposal activity will be used for the liquidation of financial obligations," PSALM President and Chief Executive Officer Lourdes S. Alzona said.

The STPP is an oil-fired power plant that was previously owned by the Manila Electric Co., and later acquired by the National Power Corporation in November 1978. It consists of Unit 1, which has a rated capacity of 150 MW; Units 2 and 3, each with 200 MW; and Unit 4, with 300 MW.

Units 1 and 4 were decommissioned in January 2000, while Units 2 and 3 were shut down in January 2002.

Corporate Communications Division
Tel. No. (632) 9029067