THE power firms of the Lopez Group and conglomerate San Miguel Corp. are among the 12 prospective bidders for the supply contracts for the output of the 200-megawatt (MW) Mindanao Coal-fired Thermal Power plant.
The Power Sector Assets and Liabilities Management Corp. (PSALM) on Friday disclosed the 12 investor groups that have paid the participation fee and executed confidentiality agreement and undertaking.
They are Conal Holdings Corp., FDC Davao Del Norte Power Corp., FirstGen Northern Power Corp., GDF Suez Energy Philippines Inc., Masinloc Power Partners Co. Ltd., Meralco Powergen Corp., Nexif Pte. Ltd., SMC Global Power Holdings Corp., SPC Power Corp., Team (Philippines) Energy Corp., Therma Southern Mindanao Inc. and Vivant Energy Corp.
These 12 interested bidders are eyeing the selection and appointment of the independent power producer administrator (IPPA) for the Mindanao Coal-fired Thermal Power Plant.
“We are delighted with the number of prospective bidders, which is more than our first IPPA bidding for the Mindanao region—that of the Mindanao I and II (Mount Apo 1 and 2) Geothermal Power Plants. We hope that this one will, likewise, be a successful undertaking,” PSALM President and CEO Emmanuel R. Ledesma Jr. said.
PSALM will conduct the prebid conference for the prospective bidders on May 6, in preparation for the bidding scheduled on September 23.
Located in Misamis Oriental, the Mindanao Coal plant was constructed in 2006 under a 25-year Build-Operate-Transfer Power Purchase Agreement scheme, which ends in 2031.
PSALM will also auction the selection and appointment of an IPPA for the Unified Leyte Geothermal Power Plants (ULGPP).
Ledesma, in a text message sent last week, said six companies expressed their interest to participate in the bidding process. “However, out of the said figure, only four prospective bidders paid for participation fee and executed confidentiality agreement and undertaking,” he said.
ULGPP consists of the 125-MW Upper Mahiao, the 232.5-MW Malitbog, the 180-MW Mahanagdong and the 51-MW Optimization plants.
A prebid conference, which primarily discusses PSALM’s bidding procedures, will be held on May 6 for the Mindanao Coal privatization.