PSALM seeks bidders for imported, local coal supply

Power Sector Assets and Liabilities Management Corp. is seeking bidders for $7.1 million worth of imported steaming coal and P408.5 million in local blended coal to supply the requirements of National Power Corp. plants in the second half.

In separate bidding invitations published on Friday, PSALM’s bids and awards committee sought coal suppliers for 48,000 metric tons (MT) of steaming coal with an approved budget of $7.1 million and 66,000 MT of local blended coal at a ceiling price of P408.5 million.

Interested bidders should have completed similar deliveries of coal supply worth at least 25 percent of the approved budget for the contracts within the past five years.

Only Filipino entities, or those whose outstanding capital stock is owned by Filipino citizens, can submit bids.

Bidding documents can be purchased at PSALM’s Makati City headquarters starting Aug. 8 for a non-refundable fee of P20,000. A pre-bid conference has been scheduled for Aug. 15 for those who will purchase bidding documents.

All submitted bids will be opened at 10:15 a.m. on Aug. 31 in the presence of the bidders’ representatives. Late bids will not be accepted.

PSALM can accept or reject any bid, annul the bidding process, or reject all bids prior to contract award—should there be justifiable reasons to do any of those things—without any liability to the bidders.