Philippines: PSALM postpones Malaya thermal plant bidding anew

Philippines: PSALM postpones Malaya thermal plant bidding anew

THE POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT CORP. (PSALM) HAS PUT THE
BIDDING FOR THE 650-MEGAWATT (MW) MALAYA THERMAL POWER PLANT ON HOLD ANEW.

Lourdes Alzona, PSALM officer-in-charge, said that the bidding for the
Rizal-based asset is "deferred until further notice."

"Bidding has been moved to have more time for the evaluation of options for
the Board, in consideration of the DOE policy to ensure sufficiency of the
power supply in the Luzon grid," Alzona said.

The state-run firm is still waiting for Department of Energy's instructions
regarding the privatization of the MTPP.

The bidding was originally set on March 8 but was moved to March 30 in
consideration of DOE's proposal to convert the facility into a liquefied
natural gas (LNG) plant.

Before DOE's proposal, the Malaya plant was supposed to be sold on an
"as-is, where is" basis.

Alzona said that the final transaction document will take the requirement of
DOE for the Malaya's conversion to a baseload LNG plant into consideration.

The conversion of the MTPP will assure reliable power supply in the future
and will allow the county to have a cleaner, more efficient and reliable
power plant, Energy Secretary Alfonso Cusi said.

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Link to Original Article:
http://powerphilippines.com/2017/03/30/psalm-postpones-malaya-thermal-plant-
bidding-anew/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com