“There are 10 interested bidders who submitted their letters of interest before the deadline set last May 30,” PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said in a text message to reporters yesterday.
“Out of the total, two are foreign-owned entities and eight are Filipino-owned,” he added.
Mr. Ledesma said earlier that the winning bidder will be in charge of selling the capacity generated by the two power plants under two separate IPP contracts. Each of the power plants has a capacity of 54.24 MWe.
Located in Kidapawan City, North Cotabato, the power plants were commissioned on Feb. 15, 1997 and June 17, 1999 under a build-operate-and-own contract with Energy Development Corp.
