Friday, August 24, 2007
Gov’t bids out 2 hydroelectric facilities (2:30 p.m.)
THE Power Sector Assets and Liabilities Management (Psalm) Corporation has put on the auction bloc the Ambuklao and Binga hydroelectric power plants.
In a published Invitation to Bid (ITB), Psalm said it would accept letters of interest (LOI) from potential investors only until September 14.
The Ambuklao and Binga complexes are located at the upper portion of Agno River, Luzon’s longest waterway. Binga, which is located in Itogon, Benguet, lies 19 kilometers downstream of Ambuklao plant, in Bokod town in the same province.
The Binga plant was commissioned in 1960. It can operate as a base-load plant during high water levels and for peaking during low water levels. It can also provide ancillary services. (MSN/Sunnex) |
