Jan 292014
 

MANILA, Philippines – The Power Sector Assets and Liabilities Management Corp. (PSALM), the government agency tasked to privatize state-owned power assets, will rebid the selection and appointment of the Unified Leyte independent power producer administrators (IPPAs) for bulk energy, its top official said.

PSALM president Emmanuel Ledesma Jr. said that the rebidding would be in September 2015.

But while PSALM said it would rebid the selection of IPPAs for Unified Leyte’s bulk energy, it already approved the award of IPPAs for the strips of energy but the issuance of certificate of effectivity will be moved by one year because of Super Typhoon Yolanda which affected the Unified Leyte plant.

This after the winning bidder, Unified Leyte Geothermal Energy Inc. (ULGEI) withdrew from the project.

“The board (of PSALM) approved the withdrawal of ULGEI as winning bidder for bulk energy,” Ledesma said.

ULGEI tendered a bid of P215 million for the Unified Leyte IPPA for bulk energy and met the reserve price set by the PSALM board but consequently withdrew from the project.

Business ( Article MRec ), pagematch: 1, sectionmatch: 1

According to PSALM, an IPPA for the bulk energy will have the right to the capacity in excess of the 240-megawatt sum of strips.

The obligation to trade ULGPP’s total output (bulk and sum of strips, as well as the necessary registration applications required by the Wholesale Electricity Spot Market shall lie solely with the IPPA for the bulk energy, PSALM said.

Unified Leyte is composed of the 125-MW Upper Mahiao, 232.5-MW Malitbog, and 180-MW Mahanagdong power plants, and the 51-MW optimization plants. It is located in Tongonan, Leyte.

Nov 012013
 
PSALM resets bid for Cebu, Leyte power plants

MANILA, Philippines – The Power Sector Assets and Liabilities Management Corp. (PSALM), the agency overseeing the government’s power assets, has moved anew the bidding for the 153-megawatt Naga power plant and the Unified Leyte contracts, officials said. The bidding, which was already moved to last month, has been rescheduled to Nov. 8 for the Naga facility and on Nov. 7 and 8 for Unified Leyte. The decision to move the bidding came after interested parties requested for more time to prepare their offers. PSALM targeted to rebid the Naga facility on Oct. 15, then on Oct. 30, after a failed attempt to sell the plant last July. Three investor groups have expressed interest in bidding for the power asset. PSALM said the second round of bidding attracted SPC Power Corp., Therma Power Visayas Inc., and RD Corp. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 All three groups have completed the initial requirements for the bid, including the submission of a letter of interest, the payment of a non-refundable participation fee of P120,000 and the execution and submission of a confidentiality agreement and undertaking with PSALM. Previously, four groups expressed interest in the Naga Power Plant, which PSALM tried but failed to sell in July. These are
DMCI Holdings Inc., the Aboitiz Group, D.M. Wenceslao and SPC Power Corp.  Located in Colon, Naga City in Cebu, the facility consists of two thermal power plants and one diesel-fired power plant that use a combination of coal, bunker oil and diesel as Read More …