Power Sector Assets and Liabilities Management Corp. (PSALM) has approved a budget of P264 million for the a one-year contract to operate and maintain the 650-megawatt (MW) Malaya Thermal Power Plant.
PSALM said the operation and maintenance service contract will be conducted through open competitive bidding procedures, and is open to local and foreign bidders, subject to eligibility conditions.
“To date, eight (8) companies have expressed interest, three (3) of which already bought bid documents,” it said in a statement. — Victor V. Saulon