Philippines:

PSALM to Rebid Leyte Power Plants’ Output (Manila Standard Today)

Leyte Geothermal Production Field (Courtesy EDC)

Power Sector Assets and Liabilities Management Corp. (PSALM) said Wednesday it will rebid the contract to manage the output of the Unified Leyte geothermal power plants, which were damaged by typhoon Yolanda in November last year.

PSALM president Emmanuel Ledesma Jr. said the board accepted the withdrawal by Unified Leyte Geothermal Energy Inc., the winning bidder of the power supply management contract, and decided to conduct another auction in September 2015.

ULGEI, a unit of Energy Development Corp., submitted a bid of P215 million to administer and manage Unified Leyte power plants’ bulk energy contract in November last year, before typhoon Yolanda hit the central parts of the country.

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