05 Nov 2018
The Power Sector Assets and Liabilities Management Corporation (PSALM) will evaluate the most beneficial and feasible privatization options and structures for its remaining Independent Power Producer (IPP) contracts through the assistance of a third-party consultant.
The study will cover PSALM’s contracted capacities with IPP plants, namely: Caliraya-Botocan-Kalayaan Hydroelectric Power Plants, Mindanao Coal-Fired Thermal Power Plant, Casecnan Multi-Purpose Project, Unified Leyte Geothermal Power Plant and the Mindanao I and II Geothermal Power Plants.
The approved budget for the contract is PHP22,660,000.00 which is provided in the 2019 Corporate Operating Budget of PSALM.
Interested bidders who submitted eligibility documents and have paid the applicable fee amounting to PHP25,000 will be shortlisted. However, only those who passed PSALM’s criteria and rating system will be entitled to participate in the bid opening on 04 December 2018.
Specifically, the winning firm is tasked to study the technical, contractual, legal, commercial and plant-specific issues affecting the IPP contracts, review relevant agreements and applicable laws, conduct consultations with concerned agencies, and private entities, and conceptualize technical, financial and legal frameworks for the proposed privatization options and structures.
The agreement to conduct the study will be for a period of 150 days (five months) from the winning consultant’s receipt of the Notice to Proceed.
Corporate Communications Division