No bid schedule yet for Unified Leyte geothermal assets

No bid schedule yet for Unified Leyte geothermal assets Leyte geothermal plant, Philippines (source: video snapshot, CNN Money)
Alexander Richter 11 May 2016

PSALM in the Philippines has so far not set up a definite bid schedule for the Unified Leyte geothermal power plants yet pending ongoing discussions.

The Philippines’ Power Sector Assets and Liabilities Management Corp. (PSALM) has so far not decided on the assets that will be up for sale this year, given pending discussions with concerned agencies, as reported by Business Mirror.

Under Republic Act 9136, or the Electric Power Industry Reform Act of 2001, PSALM is mandated to manage the privatization and maintenance of National Power Corp.’s (Napocor) power-generation assets, liabilities and contracted capacities.

Among the power assets that are yet to be privatized are is the 40-MW “security capacity” of the Unified Leyte Geothermal Power Plant (ULGPP) and the bulk capacity of the ULGPP itself.

“There is no definite bid schedule yet for Unified Leyte bulk and security energy this year because we need further consultation with [the] DOE [Department of Energy] on policy directions,” PSALM Officer in Charge Lourdes Alzona said in an interview.

Source: Business Mirror