FDC Misamis Passes Post-Qualifying Phase for Mt. Apo Geothermal IPPA (BusinessWorld Online Edition)
Filinvest Development Corp. (FDC) is set to formally take over the contracted capacities of the Mt. Apo geothermal power plants by next month, an official said yesterday.
“The notice of award for Mt. Apo plants was already issued to FDC Misamis [Power Corp.],” said Emmanuel R. Ledesma, Jr., president and chief executive officer of the Power Sector Assets and Liabilities Management Corp. (PSALM).
Mr. Ledesma said the notice was issued following the completion of a post-qualification evaluation of the documents submitted by FDC Misamis.
“The effectivity of Mt. Apo IPPA (independent power producer administrator) contract will be on Dec. 26,” he noted.
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