Philippines:

PSALM Defers Bidding of Leyte, Mindanao Geothermal Power Deals (Manila Standard Today)

Power Sector Assets and Liabilities Management Corp. (PSALM), the agency in charge of privatizing the Philippines government’s power assets, deferred the bidding of two power contracts for the management of Leyte and Mindanao geothermal plants.

PSALM said it would now bid out the Unified Leyte bulk energy contract on Sept. 2 and the 200-megawatt Mindanao coal contracts on Nov. 25.

The agency originally set the Unified Leyte bulk energy bidding on Aug. 12 and the Mindanao coal contracts on Sept. 23. The bidding schedule was reset, because the final bid structures had just been recently approved.

The Unified Leyte geothermal power plant complex is composed of the 125-MW Upper Mahiao, 232.5-MW Malitbog and 180-MW Mahanagdong power plants and the 51-MW optimization plants.

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