Bidding for P319M Naga power plant contract moved
More News from Philippine Daily Inquirer
Power Sector Assets and Liabilities Management Corp. (PSALM) has postponed the bidding for the P319-million contract to operate and maintain the 146-megawatt Naga power complex in Cebu to Friday, November 23. The auction was originally scheduled for November 20.
PSALM vice president Conrad Tolentino said the postponement was requested by the bidders.
This will be PSALM’s third bidding for the Naga contract. The first two, held in February and June this year, failed due to lack of private sector interest.
Since this bidding falls under procurement, PSALM may be able to proceed with the bidding and awarding even with only one offer, provided that all requirements will be met by the interested party.
SPC Power Corp. is at present in charge of the operation and maintenance of the Naga power plant. Its six-month contract expired on September 25 but it was extended by another three months.—Amy R. Remo
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
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