PSALM needs P10.6B worth of fuel for 7 plants

State-run Power Sector Assets and Liabilities Management Corp. (PASLM)is seeking offers for the supply and delivery of P10.6 billion worth of industrial fuel oil to serve the requirements of seven power plants in the Visayas and Mindanao this year.

The seven power plants will need an estimated 286,780 kiloliters of fuel to operate efficiently, PSALM said in a statement Thursday.

The facilities in need of fuel are Power Barges 101, 102, 103 and 104; the 149-megawatt Naga power plant complex in Cebu; the 100-MW diesel facility of Western Mindanao Power Corp. (WMPC) in Sangali, Zamboanga; and the 55-MW bunker-fired power station of Southern Philippines Power Corp. (SPPC) in Alabel, Sarangani.

According to the state agency, WMPC will require the most amount of fuel, at 101,500 kiloliters worth P3.67 billion.

The Naga complex will need 92,390 kiloliters (worth P3.54 billion); SPPC, 55,600 kiloliters (P2.03 billion); Power Barge 104, 18,550 kiloliters (P722 million); Power Barge 102, 6,830 kiloliters (P248 million); Power Barge 103, 5,960 kiloliters (P217 million); and Power Barge 101, 5,950 kiloliters (P216 million).

A pre-bidding conference will be held on February 7. All bids should be submitted to PSALM by February 21. Bidders will have the option to supply fuel to any or all plants. Evaluation of bids and award of contract will be undertaken on a per-plant basis, PSALM added.

The state agency now manages and conducts bidding processes for the procurement of fuel, having taken over this function from another state agency, the National Power Corp.

The government has yet to grant independent power producer administrator contracts for the seven facilities.

The sale of Power Barges 101, 102, 103 and 104 is already underway. The government has set the auction date on April 13.

Later, PSALM will announce details of the sale of the remaining power plants.