Power Sector Assets and Liabilities Management Corp. (PSALM) has named the highest bidders for the independent power producer administrator (IPPA) contracts of the Unified Leyte geothermal power plant’s contracted capacity.
In a statement on Friday, PSALM said the auction, which took place Nov. 7-8 in Makati City, was successful.
The state-run firm auctioned off Unified Leyte’s contracted capacity in “strips” and “bulk”, with a total of 200 MW in strips for the IPPAs. Bidders could submit offers for strips ranging from one to 40 MW.
The remaining 40 MW capacity of the power plant was auctioned off as “bulk energy”.
The output of the power plant can be traded by the winning bidders in the Wholesale Electricity Spot Market upon registration with the market operator, PSALM said.
(Click below to see the list of bidders......)
PSALM, on Friday, declared seven highest ranking bidders for the strips of energy:
- FDC Utilities, Inc. (FDCUI), which offered a generation payment of P5.2588 per kilowatt-hour for 40 MW;
- Unified Leyte Geothermal Energy Inc. (ULGEI), a unit of Energy Development Corp. that offered P5.2100/kWh for 40 MW;
- Trans-Asia Oil and Energy Development Corp., which offered P5.0166/kWh for 40 MW;
- Aboitiz Energy Solutions, Inc., which offered P4.9188 per kWh for 40 MW;
- Waterfront Mactan Casino Hotel Inc., which offered P4.9/kWh for 3 MW;
- Good Friends Hydro Resources Corp., which offered P4.88/kWh for 20 MW; and
- Vivant Energy Corp., which offered P4.6629/kWh for 17 MW.