Wednesday, November 18, 2015

Philippines: Privatization of Unified Leyte Geothermal Power Plants Contract Before year End

Govt, EDC negotiate bid for Leyte power plants (The Standard)

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) said its board approved a negotiated bidding with a unit of Energy Development Corp. for the bulk energy contracts of the Unified Leyte Geothermal Power Plants.

PSALM president Lourdes Alzona said the board decided that the “privatization of UL bulk is through negotiated sale before end of this year.”

Alzona said the Unified Leyte bulk energy privatization was the remaining big ticket power item up for privatization this year.

PSALM declared as failed bidding the selection and appointment of the independent power producer administrator of the bulk energy contract in September, after only Unified Leyte Geothermal Energy Inc., a subsidiary of EDC, submitted a bid.

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