10 Jun 2025
The Power Sector Assets and Liabilities Management (PSALM) Corporation announces that it has determined the minimum bid price (MBP) for the sale of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plants. This development is part of PSALM’s continuing efforts to implement its privatization program in accordance with the government’s policy to encourage private sector participation and optimize asset value.
The setting of the MBP follows a comprehensive financial valuation process and consultation with relevant government agencies, ensuring that the bid terms are aligned with prevailing market conditions. This valuation will serve as a benchmark for evaluating the financial offers of qualified bidders.
Located in the municipalities of Lumban, Majayjay, and Kalayaan in the province of Laguna, the CBK Hydroelectric Power Plants are being privatized on an “as is, where is” basis.
Interested parties are invited to participate in the public bidding process for the Project. Submission of proposals is scheduled on 30 June 2025. Parties who wish to participate must submit the required Participation Documents and pay a non-refundable Participation Fee of PHP800,000.00.
The required Participation Documents include:
(1) A Letter of Interest (LOI) using the prescribed form (Annex “A”);
(2) A duly executed Confidentiality Agreement with Undertaking and Waiver (Annex “B”); and
(3) Proof of payment of the Participation Fee.
Submission of Participation Documents will be accepted until 5:00 p.m. on 16 June 2025.
Upon successful submission, qualified participants will be granted access to the Virtual Data Room (VDR), which contains the relevant documents to support due diligence.
Interested bidders are advised to refer to the PSALM website at www.psalm.gov.ph for further details and updates regarding the bidding process.
For any inquiries, please contact the PBAC Secretariat through the contact information listed on the PSALM website.
Strategic Communication and Partnerships Division |