4 firms keen on Malaya TPP

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    The Power Sector Assets and Liabilities Management Corp. (PSALM) said four companies have expressed interest to participate in the second round of bidding of the 650-megawatt Malaya thermal power plant (TPP) and its land assets in Pililla, Rizal.

    PSALM said representatives of Panasia Energy Inc., Phinma Energy Corp., Hill Trench Power Inc. and Therma Central Visayas Inc. attended last week’s pre-bid conference.

    At present, TPP is operational and is being dispatched as a must-run unit (MRU) by the National Grid Corporation of the Philippines. However, the Department of Energy ordered that once privatized, MTPP is no longer required to run as an MRU.

    Last day for the submission of documentary deliverables is on November 7. PSALM will then check the completeness of the submitted documents and announce the prequalified bidders.

    Prior to the bid submission deadline, the PSALM Board, upon recommendation of the PSALM Bids and Awards Committee will meet to determine the reserve price for the property before it is informed to the qualified bidders.

    Bid submission deadline is e on November 22 at 12 noon followed by the opening and evaluation of bids on the same day.