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Bidding for P319M Naga power plant contract moved

/ 01:28 AM November 21, 2012

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.

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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

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TAGS: bidding, Business, Energy, naga power plant, Philippines
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