“All interested parties must submit a Letter of Interest (LoI) not later than 5:00 P.M. on 30 May 2014,” the state-run agency yesterday said in a statement.
Prospective bidders must also execute a Confidentiality Agreement and an Undertaking with PSALM, and pay a non-refundable participation fee of P120,000 either in cash, manager’s check or cashier’s check on or before 5:00 p.m. of June 6.
A pre-bid conference for interested parties is scheduled for June 26 at 2:00 p.m. in preparation for the bidding on Sept. 24.
“The Mt. Apo IPPA will manage government’s contracted energies in the Mt. Apo 1 & 2 plants, which are 390 gigawatt-hours (GWh) and 398 GWh per year, respectively,” PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said.
PSALM said the Mt. Apo 1 and Mt. Apo 2 geothermal power plants have a rated capacity of 54.24 megawatts each, and are located in Kidapawan City, North Cotabato.
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