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EVEN if
the transition supply contract to be attached to the
600-megawatts Masinloc Power Plant has yet to be
finalized, most of the investors or investor groups that
have expressed interest in the power plant attended the
prebid conference set by the Power Sector Assets and
Liabilities Management Corp. (Psalm) on Tuesday.
Psalm
said the prebid conference was attended by 20 of the 23
investors interested in one of the government’s big
ticket power assets.
“But,
since the transition supply contract has yet to be
finalized, Psalm has set another prebid conference on
May 22 to finalize and resolve this issue, as
prospective bidders have expressed concerns over the
possible proposed deal sweeteners to be attached to
Masinloc,” said Froilan A.
Tampinco, Psalm vice president for asset management and
electricity trading.
The
transition supply contract assures the potential winner
of a stable and ready market for the plant’s generated
capacity.
Declining to identify the potential bidders, Psalm
earlier revealed that of the interested groups 15 are
foreign and eight are local investors. The 15 foreign
groups have even signified interest to participate in
the bidding schedule on July 26.
The
National Power Corp. (Napocor), on the other hand,
earlier proposed to attach a transition supply contract
assuring the bidder of a 25-percent off-take of the
power plant’s dependable capacity, but Napocor’s
proposal has yet to be approved by Psalm. --P.A. Isla |
