PSALM seeking approval for 40 MW Leyte capacity contract tender
Leyte geothermal plant, Philippines (source: video snapshot, CNN Money)
Alexander Richter
13 Jan 2016
PSALM is seeking approval from the Philippines' Energy Department to auction the contract to manage the remaining 40 MW capacity of the Unified Leyte geothermal power plants.
Reported today from Manila, the country’s Power Sector Assets and Liabilities Management Corp. (PSALM) is seeking approval from the Energy Department to auction the contract to manage the remaining 40 MW capacity of the Unified Leyte geothermal power plants.
PSALM president Lourdes Alzona told reporters at the sidelines of a conference the agency was seeking guidance from the department on the inclusion of 40 MW of so-called security capacity to the bidding of the 160-MW bulk energy of the Unified Leyte power project.
“For 2016, we target to privatize that subject to further policy direction of DoE. Because in our proposal to the board, we will include the remaining 40 MW, so it will be the bulk plus the 40 MW security asset,” Alzona said.
The official said the bulk energy auction was scheduled for negotiated bidding in the first semester this year while the balance of 40 MW would need approval of the department.
PSALM earlier bid out the bulk energy contract where only one made an offer. It received the go-signal to conduct a negotiated bidding with lone bidder Unified Leyte Geothermal Energy Inc., a unit of Energy Development Corp.
The Unified Leyte Geothermal Power Plant is composed of the 125-MW Upper Mahiao, 232.5-MW Malitbog, and 180-MW Mahanagdong power plants, and the 51-MW optimization stations.
The power plant is covered by power purchase agreements between state-owned National Power Corp. and EDC of the Lopez Group.
Source: The Standard
