With the aid of a third party consultant, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) will rework divestment packages for its remaining energy conversation agreements (ECAs) or supply contracts with independent power producers (IPP).
The company is dangling P22.6 million as professional fee to the proposed consultancy services that will be drawn up for the specified power assets. This will be integrated in the state-owned company’s 2019 budget.
The assets to be covered by the consultancy work shall include proposed privatization packages for the Caliraya-Botocan-Kalayaan (CBK) and Casecnan hydro facilities; the Unified Leyte geothermal plant; Mindanao 1 and 2 geothermal power plants and the Mindanao coal-fired power facility.
