THE Power Sector Assets and Liabilities Management Corp. (Psalm)on Tuesday said a total of four investor groups have signified interest in the selection and appointment of the Independent Power Producer Administrator (Ippa) for the bulk energy of the Unified Leyte Geothermal Power Plants (ULGPP).
The four are SPC Power Corp.; Therma Central Visayas Inc. Trans-Asia Oil and Energy Development Corp.; and Unified Leyte Geothermal Energy Inc.
“These investor groups have previously participated in Psalm’s previous biddings, and some of them have actually won, so we are quite happy with the turnout of prospective bidders,” PSALM President and CEO Emmanuel R. Ledesma Jr. said.
From six, the list was trimmed to four after Coal Asia Holdings Inc. and Masinloc Power Partners Co. Ltd. no longer pursued the next stage of the bidding process, which is the submission of confidentiality agreement and payment of participation fee.
Psalm will hold the next prebid conference on May 6. The bidding and bid evaluation for the ULGPP Ippa Bulk is set on August 12.
The ULGPP is composed of the 125-megawatt (MW) Upper Mahiao, 232.5-MW Malitbog and 180-MW Mahanagdong power plants, and the 51-MW optimization plants.
The ULGPP is covered by Power Purchase Agreements between the National Power Corp. and the Energy Development Corp.