PSALM to bid out fuel contracts for power plants | Inquirer Business

PSALM to bid out fuel contracts for power plants

By: - Reporter / @amyremoINQ
/ 02:43 AM April 23, 2012

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is seeking offers for the supply and delivery of oil-based fuel worth P2.4 billion to serve a portion of the requirements of eight power plants that are either owned or managed by the government.

PSALM data showed that the approved budget should already cover 55.2 million liters of industrial fuel oil estimated to be worth P2.21 billion, and 4.26 million liters of industrial diesel oil worth P202.6 million.

According to PSALM, the industrial fuel oil and the bulk of the diesel volume (1.4 million liters) will go to the 630-megawatt Malaya thermal power plant in Rizal.


The rest of the diesel will be used for the 146-MW Naga power plant complex in Cebu; for power barges 101, 102, 103 and 104; Southern Philippines Power Corp.’s Bunker-C fired power station in Sarangani; and Western Mindanao Power Corp.’s diesel-fired generating facility in Zamboanga City.


Bidders will have the option to bid for contracts to supply and deliver fuel for any or all the power plants. Evaluation of bids and award of contract will be undertaken on a per plant basis.

The state agency added that the open competitive bidding would be using a nondiscretionary “pass or fail” criterion as specified in the Government Procurement Reform Act.

PSALM said a pre-bidding conference would be held on April 26, while the bidding proper for the supply and delivery contracts has been scheduled on May 10.

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

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: bidding, contracts, electricity production and distribution, government corporations, Philippines, Power Sector Assets and Liabilities Management Corp. (PSALM)

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.