PSALM conducts a pre-bid conference for its Mexico Property and attracts 2 prospective bidders

16 Sep 2021

The Power Sector Assets and Liabilities Management Corporation (PSALM) conducted a pre-bid conference on 15 September 2021 as part of the process for the second round of public bidding for its property in Mexico, Pampanga. The bid submission deadline for this asset is set on 20 October 2021 at 2:00 PM, which will be followed immediately by the opening and evaluation of bids.

The pre-bid conference is a venue for prospective bidders to raise their issues, concerns and clarifications on the terms and conditions of the public bidding for the asset. Two (2) interested parties, namely, Panasia Energy Inc. and Toplis Solutions Inc., participated in this conference.

The Mexico Property consists of 1 lot, which is 50,447 square-meters. It is located within Barangay Lagundi, Mexico, Pampanga, along Jose Abad Santos Avenue and is 2.5 kilometers from the North Luzon Expressway. It is suitable for residential or commercial real estate development.

The Board of Directors of PSALM approved the minimum bid price of PHP741,327,000.00 for the Mexico Property.

The bidding package is downloadable from the PSALM website at https://www.psalm.gov.ph/privatization/rea until 18 October 2021. Only interested parties who paid the participation fee and submitted a duly executed Form of Acceptance of the Bidding Procedures will be allowed to participate in the bidding of said property.

The proceeds from the sale of this asset will augment PSALM’s funds for the settlement of maturing obligations and reduction of the Corporation's outstanding financial obligations.

Corporate Communications Division
Tel. No. (632) 9029067