News

Pre-bid conferences held for Unified Leyte geothermal plants

Tongonan, Leyte Geothermal power plant, Philippines
Alexander Richter 21 May 2015

The investor groups eyeing the ULGPP Bulk IPPA are SPC Power Corporation; Therma Central Visayas, Inc.; Trans-Asia Oil and EDC; and Unified Leyte Geothermal Energy, Inc. The bidding is on 12 August 2015.

The Power Sector Assets and Liabilities Management (PSALM) Corporation successfully held the pre-bid conferences for its selection and appointment of the Independent Power Producer Administrators (IPPAs) for the Bulk Energy of the Unified Leyte Geothermal Power Plants (ULGPP Bulk)

PSALM said all its prospective bidders attended both pre-bidding activities, which consist of four (4) prospective bidders for the ULGPP Bulk.

“Despite the setback due to Super Typhoon Yolanda almost two years ago, you have shown the importance and high prospects of this particular bid. You may seem small in number, but you are among those who been seriously and actively pursuing our privatization program, with some of you already prevailing as winners of government’s power assets,” PSALM Officer-in-Charge Lourdes S. Alzona said in her welcome message at the ULGPP Bulk pre-bid conference.

“Truly, PSALM’s gains in its privatization program are all because of the private sector’s partnership, and for that PSALM will always be thankful to all of you,” Ms. Alzona added.

The investor groups eyeing the ULGPP Bulk IPPA are SPC Power Corporation; Therma Central Visayas, Inc.; Trans-Asia Oil and Energy Development Corporation; and Unified Leyte Geothermal Energy, Inc.

The bidding for the ULGPP Bulk IPPA is on 12 August 2015.

The ULGPP is composed of the 125-MW Upper Mahiao, 232.5-MW Malitbog, and 180-MW Mahanagdong power plants, and the 51-MW optimization plants. The ULGPP is covered by Power Purchase Agreements between the National Power Corporation and the Energy Development Corporation.

Source: Press release by PSALM