Emmanuel R. Ledesma, Jr., PSALM president and chief executive officer, said the company is preparing the bid documents for the independent power producer administrator (IPPA) contract.
“The ULGPP bulk energy is targeted to be bid out again in the first quarter of 2015,” he said in a text message over the weekend.
The ULGPP complex -- which straddles Ormoc City and municipality of Kananga -- is composed of the 125-MW Upper Mahiao plant, 232.5-MW Malitbog plant, 180-MW Mahanagdong plant, and 51-MW optimization plants.
As IPPAs, winning firms would manage the contracted output of the power plant, which can be traded on the Wholesale Electricity Spot Market.
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