Wednesday, May 07, 2008 5 firms bidding for Amlan hydropower
AMLAN, Negros Oriental -- Five bidders for the 0.8-megawatt hydroelectric power plant here will proceed Wednesday to the pre-bid stage after complying with the initial requirements set by the government-owned Power Sector Assets and Liabilities Management Corp. (Psalm).
The five bidders can clarify issues and concerns over the bidding procedures during the pre-bid conference.
The official and formal bidding is set on June 25.
The next stage of the bidding exercise will include conducting due diligence on the power facility.
Initial requirements include the submission of a Confidentiality Agreement and Undertaking and the payment of $500 participation fee.
Psalm announced last month the sale of the small hydroelectric plant located in Barangay Pasalan in Amlan, which has two 400-kilowatt turbine generators and operates as a base-load plant supplying power to Amlan town and its neighboring areas.
Another power facility offered for sale in the province is the 192.5-MW Palinpinon Geothermal plant in Valencia.
Palinpinon plant will be sold in July. It has two power stations -- the Palinpinon I and II.
Being commissioned by the PNOC-Energy Development Corp., it was previously offered as one package with the Panay Diesel Power Plant, consisting of the 36.5-megawatt Panay 1 and and 110-megawatt Panay 3 plants. These are facilities of the National Power Corp (Napocor).
Psalm earlier announced that Panay Diesel will now be bidded out with the 22-MW Bohol power plant in August, while Palinpinon will be sold independently.
The sale of these power plants is part of government's efforts to privatize at least 70 percent of its total generating assets. (EBS)
