Philippines:

Psalm Clears Privatization of 2 Mt. Apo Power Plants' Output (InterAksyon)

The Philippines Power Sector Assets and Liabilities Management Corp (Psalm) has scheduled the sale of the government's contracted output from the Mt. Apo geothermal plants in Mindanao.

Emmanuel R. Ledesma, Jr., Psalm president and chief executive officer, said the agency's board has cleared the selection and appointment of the independent power producer administrator (IPPA) for the Mt. Apo 1 and 2 geothermal plants.

The Mt. Apo IPPA will manage two government contracts with the Mt. Apo 1 and 2 geothermal power plants with contracted energies of 390 gigawatt-hours (GWh) and 398 GWh per year, respectively.

The Mt. Apo 1 and 2 geothermal plants, each with a rated capacity of 54.24 MWe, are located in Kidapawan City, North Cotabato.

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