PSALM to auction off two power plant properties

TWO state-owned facilities in Misamis Oriental and Cebu are being auctioned off by the Power Sector Assets and Liabilities Management Corp. (PSALM).

In a notice published in a newspaper on Monday, the state-run agency invited interested parties to make a bid for the 155,504-square-meter (sq.m.) Aplaya diesel power plant in Jasaan, Misamis Oriental — valued at P567.627 million; and the 129,589 sq.m. Cebu diesel power plant in Talavera and Calong-calong, Toledo City, Cebu — valued at P171.474 million.

The bidding is open to individuals/sole proprietorship, corporations or partnerships duly registered and organized and at least 60% Filipino-owned, joint ventures or consortium, government corporate entities and local government units, authorized by law to acquire, own, hold, or develop real properties locally.

Interested parties may secure the bid documents up to two days before the submission deadline on Aug. 1. Pre-bid conference is on July 12.

The bid security should be at least 10% of a minimum bid price, valid for at least 45 calendar days from bid submission deadline.

Within ten business days from the date of the notice of award, the buyer should pay a one-time full payment of the purchase price in accordance with the payment guidelines to be issued by PSALM.

Under the Republic Act No. 9136 or Electric Power Industry Reform Act of 2001, PSALM is mandated to manage the privatization and maintenance of National Power Corp.’s power generation assets, liabilities, contracted capacities, and disposable assets. — JCL