PSALM welcomes comments on the terms of the Casecnan Plant sale

23 Nov 2022

The Power Sector Assets and Liabilities Management Corporation (PSALM) held a pre-bid conference on 22 November 2022 for the sale of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP), affording Bidders the opportunity to ask questions and request for clarification on concerns relative to the requirements stated in the Bidding Procedures.

The public bidding for the CHEPP will be on an “as-is, where-is” basis.

The deadline for the submission of bids for the power generation asset is on 24 February 2023, 12:00 noon at the PSALM Office in Quezon City. Bidders are advised to relay their inquiries to the Chairperson of the PBAC and email to the PBAC Secretariat at

The CHEPP is a “run-of-river” type of plant with limited impounding area. The water from the reservoir flows into the plant’s powerhouse, down to the Pantabangan lake and into the irrigation channels of the National Irrigation Administration, which will continue its mandate of irrigating farmlands even after the privatization of the CHEPP.

Located at Sitio Pauan, Brgy. Villarica, Pantabangan, Nueva Ecija, about 150 km north of Manila, the CHEPP was covered by a build-operate-transfer agreement which ended on 11 December 2021.

Strategic Communications and Partnership Division
Tel. No. (632) 9029067