Power Sector Assets and Liabilities Management Corp. (PSALM) is seeking approval from the Philippines Energy Department to auction the contract to manage the remaining 40 MW capacity of the Unified Leyte geothermal power plants.
PSALM president Lourdes Alzona told reporters at the sidelines of a conference the agency was seeking guidance from the department on the inclusion of 40 MW of so-called security capacity to the bidding of the 160-MW bulk energy of the Unified Leyte power project.
The official said the bulk energy auction was scheduled for negotiated bidding in the first semester this year while the balance of 40 MW would need approval of the department.
PSALM has already privatized the 200 MW strips of energy contracts of the Unified Leyte power plant. PSALM earlier bid out the bulk energy contract where only one made an offer.
The Unified Leyte Geothermal Power Plant is composed of the 125 MW Upper Mahiao, 232.5 MW Malitbog, and 180 MW Mahanagdong power plants, and the 51 MW optimization stations.