Govt starts sale of idle power plants
Manila Times, Thursday, January 06, 2005
THE government on Wednesday began the sale of National Power Corp.’s (Napocor) decommissioned plants with the publication of the invitation to bid for the 200-megawatt (MW) Manila Thermal Power Plant, according to the Power Sector Assets and Liabilities Management Corp. (PSALM).
The 200-MW Manila Thermal Power Plant is located at Isla de Provisor in Paco, Manila.
The invitation said that interested parties are required to submit letters of intent to the PSALM not later than January 14, adding that as prerequisite parties shall execute a Confidentiality Agreement and an Undertaking in the forms provided by the PSALM and pay a nonrefundable fee of $500 on or before January 17.
The PSALM added that interested parties can conduct due diligence from January 10 to February 14, while its pre-bid conference is set on January 19 and the deadline for receipt of bids by the PSALM is at 12 p.m. of February 18.
“Capitalizing on the momentum from last year’s successful bidding for five hydroelectric plants and the 600-MW Masinloc coal-fired plant, we are starting this year with the auction of decommissioned plants, starting with Manila Thermal, Raphael P.M. Lotilla, PSALM president and chief executive, said.
Lotilla said Manila Thermal’s components have been kept in such good condition by Napocor personnel that they can also be used as replacement parts for operational plants.
“But we are also taking advantage of the good market for scrap metal to obtain optimal value for the government,” he said.
Meanwhile, Froilan A. Tampinco, PSALM’s vice president for asset valuation and disposal, said that all the major plant systems of Manila Thermal are intact, and major equipment such as the generating unit are under preservation.
“The sale of Manila Thermal will follow the same format of open and competitive bidding used from last year’s successful sales,” Tampinco said. “PSALM will maintain a level playing field by keeping all bidders equally informed about the asset and the bid procedures.”
The PSALM is also set to bid out the 54-MW Cebu II plant in March, the 22.3-MW General Santos plant in April, and the 104-MW Aplaya plant in May this year. All the plants are decommissioned.
In 2004 the PSALM has bid out the 3.5-MW Talomo Hydroelectric Plant (HEP) for $1.37 million, the 1.6-MW Agusan HEP for $1.528 million, the 1.8-MW Barit HEP for $480,000, the 0.4-MW Cawayan HEP for $410,410, the 1.2-MW Loboc HEP for $1.420 million, and the 600-MW Masinloc Coal-Fired Power Plant for $561 million or total bid offers of $566 million.
--Paul Anthony A. Isla
THE government on Wednesday began the sale of National Power Corp.’s (Napocor) decommissioned plants with the publication of the invitation to bid for the 200-megawatt (MW) Manila Thermal Power Plant, according to the Power Sector Assets and Liabilities Management Corp. (PSALM).
The 200-MW Manila Thermal Power Plant is located at Isla de Provisor in Paco, Manila.
The invitation said that interested parties are required to submit letters of intent to the PSALM not later than January 14, adding that as prerequisite parties shall execute a Confidentiality Agreement and an Undertaking in the forms provided by the PSALM and pay a nonrefundable fee of $500 on or before January 17.
The PSALM added that interested parties can conduct due diligence from January 10 to February 14, while its pre-bid conference is set on January 19 and the deadline for receipt of bids by the PSALM is at 12 p.m. of February 18.
“Capitalizing on the momentum from last year’s successful bidding for five hydroelectric plants and the 600-MW Masinloc coal-fired plant, we are starting this year with the auction of decommissioned plants, starting with Manila Thermal, Raphael P.M. Lotilla, PSALM president and chief executive, said.
Lotilla said Manila Thermal’s components have been kept in such good condition by Napocor personnel that they can also be used as replacement parts for operational plants.
“But we are also taking advantage of the good market for scrap metal to obtain optimal value for the government,” he said.
Meanwhile, Froilan A. Tampinco, PSALM’s vice president for asset valuation and disposal, said that all the major plant systems of Manila Thermal are intact, and major equipment such as the generating unit are under preservation.
“The sale of Manila Thermal will follow the same format of open and competitive bidding used from last year’s successful sales,” Tampinco said. “PSALM will maintain a level playing field by keeping all bidders equally informed about the asset and the bid procedures.”
The PSALM is also set to bid out the 54-MW Cebu II plant in March, the 22.3-MW General Santos plant in April, and the 104-MW Aplaya plant in May this year. All the plants are decommissioned.
In 2004 the PSALM has bid out the 3.5-MW Talomo Hydroelectric Plant (HEP) for $1.37 million, the 1.6-MW Agusan HEP for $1.528 million, the 1.8-MW Barit HEP for $480,000, the 0.4-MW Cawayan HEP for $410,410, the 1.2-MW Loboc HEP for $1.420 million, and the 600-MW Masinloc Coal-Fired Power Plant for $561 million or total bid offers of $566 million.
--Paul Anthony A. Isla
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