Bidding for three hydro-power facilities set by PSALM
Posted on December 1st, 2009
The bidding for the last set of management contracts for National Power Corp. (Napocor) assets to be auctioned off this year has been set on December 15 by the Power Sector Assets and Liabilities Management Corp. (PSALM).
According to the president of PSALM, Jose Ibazeta, the bidding for the appointment of the independent power producer administrators (IPPAs) to manage Napocor’s contracted capacities in the Bakun, Benguet and San Roque hydroelectric power plants, has been approved by their board.
“I am sure this will be an exciting one because there are lots of bidders,” Ibazeta said, as he expressed hope that the nine groups who have earlier expressed their intention to bid will participate. Ibazeta also stressed that there will not grant request for extension of bidding, “There will be no more extensions. We will proceed as scheduled.”
It could be noted that the original schedule of the bidding of the Bakun, Benguet and San Roque IPPAs was on November 11. It was however moved upon the request of the bidders.
To be bid out this time are Napocor’s contracted capacities in the 70-megawatt (MW) Bakun hydroelectric power plant, the 30-MW Benguet mini hydropower plants, and the 345-MW San Roque multipurpose hydroelectric power plant, which are all located in Northern Luzon.
The Benguet mini-hydro facilities is in the Cordillera Administrative Region and the Bakun plant is located in Alilem, Ilocos Sur. The Bakun and Benguet contracts will be bid out as one package. Meanwhile, the San Roque hydro plant is based in San Manuel, Pangasinan.
Participating bidders should bid for all the hydro power facilities. Those who will only submit an offer for just one contracted capacities will disqualified. Joint bid for any of the contracted capacities will not be allowed also.
A bidder can win as many as he can. According to the PSALM rules, qualified bidders may be declared the winning bidder for any or all of the contracted parties.
