21 Jan 2019
To clarify issues that interested parties may have on the terms and provisions of the negotiated sale of the Manila Thermal Power Plant (MTPP) Land, the Power Sector Assets and Liabilities Management Corporation (PSALM) will hold a pre-negotiation conference on 23 January 2019, 2:00 PM at its office in Quezon City.
PSALM aims to solicit the insights of interested parties to help further refine the negotiation documents and provide proper information to assist them with submitting an offer that complies with the requirements. Interested parties will also be informed of the responsibilities of the winning party in view of the circumstances underlying the sale of property.
The expression of interest and Acceptance of the Negotiation Procedures need to be submitted to the PSALM Privatization, Bids and Awards Committee before an interested party is considered eligible and allowed further participation in the negotiation process.
Interested parties may conduct their due diligence until 29 January 2019. The deadline for the submission of offers is on 31 January 2019, 12:00 noon at the PSALM Office, 24th Floor Vertis North Corporate Center 1, North Avenue, Quezon City.
Corporate Communications Division