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THE
third round of bidding for the 600-megawatt Calaca
coal-fired power plant has been opened following
“overwhelming investor response” to the privatization of
the Masinloc coal power plant, which would now be on its
fourth auction after the failure of the first three.
The bid
opening was announced Tuesday by the Power Sector Assets
and Liabilities Management Corp. (Psalm), which is
tasked to privatize state power generators.
June 29
has been set as the deadline for submission of letters
of interest. A nonrefundable participation fee of $2,000
is required to be paid not later than July 4.
A prebid
conference with qualified participants is scheduled on
July 18 at the Psalm main office in Makati City.
Calaca
is in barangay San Rafael, Calaca, Batangas, and
consists of two 300-megawatt generating units, the first
having been commissioned September 11, 1984, and the
second on July 15, 1995.
Both
units are designed so that one unit can undergo
maintenance without affecting the plant’s full output.
The
Calaca facility was first offered to prospective
investors on May 18, 2005, but the auction was canceled
after two of the three qualified bidders backed out.
The
second round of bidding, held April 27, 2006, was also
declared a failure because the price proposals of the
two bidders were below the reserve price. |
