Quantcast
Latest Stories

PSALM to bid out 153-MW Naga complex again

By

State-run Power Sector Assets and Liabilities Management (PSALM) Corp. is bidding out anew the 153-megawatt Naga power complex in Cebu, following a failed attempt to dispose of the facility in July.

In a notice, PSALM said the submission and opening of offers from prospective investors was set for Oct. 15. A prebid conference will be held on Sept. 12 to give interested parties the opportunity to clarify concerns about the bidding process.

According to PSALM, companies can start conducting due diligence on the facility upon payment of a nonrefundable participating fee of P120,000. Due diligence should end on or before Sept. 6.

This is the second time this year that PSALM will be bidding out the facility. The first, which was held in July, was declared a failure due to “lack of qualified bidders for the asset.”

PSALM president and CEO Emmanuel R. Ledesma Jr. earlier said only one of the groups that submitted “documentary deliverables” was prequalified. Since only one was found to have completed the required documentary submissions, the bidding was declared a failure.

Prior to the July bidding, PSALM said there were five investor groups that had expressed interest in the Naga plant. These were D.M. Wenceslao and Associates Inc.; DMCI Power Corp.; PowerOne Ventures Energy Inc.; Quezon Power (Philippines) Ltd. Co. and SPC Power.

Located in Colon, Naga City in Cebu, the Naga Power Plant is composed of two thermal power plants and one diesel-fired power plant  that use a combination of diesel, bunker C oil and coal as fuel. These are the 52.5-MW Cebu 1 and 56.8-MW Cebu 2 coal-fired thermal power plants, and the 43.8-MW Cebu Diesel Power Plant 1, which is composed of six 7.3-MW bunker-C-fed  units.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Emmanuel R. Ledesma Jr. , Naga complex , Power Sector Assets and Liabilities Management , PSALM , PSALM Corporation



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Drilon denies involvement in pork scam
  • Complex health care system for California’s elderly and poor explained
  • Malang the croc must regain strength before return to swamp, says mayor
  • Palace: Lacson’s version of Napoles testimony to be evaluated
  • Scientists eye iceberg bigger than Guam
  • Sports

  • Promoters Dela Hoya, Arum in talks for Pacquiao-Alvarez—report
  • Benzema guides Madrid to 1-0 win over Bayern
  • Suns’ Goran Dragic win NBA’s Most Improved Player award
  • Heat go up 2-0, hold off Bobcats 101-97
  • Ronaldo shakes off injury fears to play Bayern
  • Lifestyle

  • Gongs and southern dances star in a workshop at San Francisco Bayanihan Center
  • This woman ate what?
  • Photos explore dynamics of youths’ sexual identity
  • 12th Philippine Food Expo set at the World Trade Center
  • No tourist draw, Malang the croc will remain wild
  • Entertainment

  • Smithsonian wants photos, videos for ‘Day in the Life of Asian Pacific Americans’
  • What Garcia Marquez left behind
  • Has Ai Ai fallen deeply with ‘sireno?’
  • Sony developing live-action Barbie comedy
  • California court won’t review Jackson doctor case
  • Business

  • Metro Pacific acquires stake in Victorias
  • How ‘one percent’ economic elite was uncovered
  • Facebook profits triple as mobile soars
  • Insular Honors Sales Performers at Testimonial Rites
  • Apple increases stock buyback, will split stock
  • Technology

  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • Obama to visit Filipino soldiers in Fort Bonifacio
  • Fil-Am youth conferences unite under one theme
  • Embassy advisory: Filipinos still need visas to enter US
  • No travel restriction to Mideast, DFA clarifies
  • PH-HK relations repaired, but families of victims still being courted
  • Marketplace