Philippines:

Four Companies Vie for Unified Leyte Geothermal Power Contract (PSALM - News Release)

The state-run Power Sector Assets and Liabilities Management Corp. (PSALM) successfully held pre-bid conferences on May 5 for its selection and appointment of the Independent Power Producer Administrators (IPPAs) for the Bulk Energy of the Unified Leyte Geothermal Power Plants (ULGPP Bulk).

The investor groups eyeing the ULGPP Bulk IPPA are SPC Power Corp., Therma Central Visayas Inc., Trans-Asia Oil and Energy Development Corp. and Unified Leyte Geothermal Energy Inc.

The ULGPP is composed of the 125-MW Upper Mahiao, 232.5-MW Malitbog and 180-MW Mahanagdong power plants, and the 51-MW optimization plants.

The ULGPP is covered by Power Purchase Agreements (PPAs) between the National Power Corp. (Napocor) and the Energy Development Corp. (EDC).

The bidding and bid evaluation for the Unified Leyte Geothermal Power is on August 12.

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