Philippines: Palinpinon-Tongonan geothermal plant bid out
Alexander Richter
20 May 2009
Philippines' PSALM formally opened the packaged sale of the 192.5-megawatt (MW) Palinpinon and 112.5-MW Tongonan geothermal power plants with the publication of the Invitation to Bid (ITB) for both generating assets.
According to the Philippine Information Agency, “The Power Sector Assets and Liabilities Management Corporation (PSALM) on May 11, 2009 formally opened the packaged sale of the 192.5-megawatt (MW) Palinpinon and 112.5-MW Tongonan geothermal power plants with the publication of the Invitation to Bid (ITB) for both generating assets.
The ITB, which was published in local newspapers earlier this month, states that prospective bidders have until May 22, 2009 to submit a Letter of Interest to join the bidding.
The deadline for the execution of a Confidentiality Agreement and Undertaking and the payment of a non-refundable fee of USD3,500, which are prerequisites for the issuance of the Bidding Package, will be until 26 May 2009.
Interested bidders will conduct their due diligence on both power plants from 11 May to 10 August 2009, while PSALM will hold the pre-bid conference on 10 June.
The bid submission deadline for the Visayas-based geothermal facilities is on 12 August 2009.
Located in Valencia, Negros Oriental, the Palinpinon Geothermal Power Plant consists of two power stations – Palinpinon I and II – which are approximately five kilometers apart. Palinpinon I, which was commissioned in 1983, comprises three 37.5-MW steam turbines for a total rated capacity of 112.5 MW. Palinpinon II, on the other hand, consists of three modular power plants: Nasuji, Okoy 5, and Sogongon. The 20-MW Nasuji was commissioned in 1993, while the 20-MW Okoy 5 was commissioned in 1994. Sogongon, which consists of the 20-MW Sogongon 1 and 20-MW Sogongon 2, was commissioned in 1995.
The Palinpinon plant was previously packaged with the 146.5-MW Panay Diesel Power Plant on 07 September 2007. But since the long-term steam supply agreement to be attached to the Palinpinon plant still had to be approved by the Joint Congressional Power Commission then, the PSALM Board decided to move the sale of the geothermal asset to 2009.
Situated in Sitio Sambaloran, Barangay Lim-Ao, Kananga, Leyte Province in Eastern Visayas, the Tongonan Geothermal Power Plant consists of three 37.5-MW units which were commissioned in 1983.
Both plants use steam supplied by the Energy Development Corporation.”
Source: Philippine Information Agency
