12 firms bid for Mindanao coal deal

By Alena Mae S. Flores, 19 May 2015
from Manila Standard Today

Power Sector Assets and Liabilities Management Corp. said Tuesday a dozen companies have expressed interest to become the independent power producer administrator of the 200-megawatt Mindanao coal fired power plant.

PSALM said in a statement 12 prospective bidders attended the pre-bid conference for the Mindanao coal administrator contracts last week.

The groups included Conal Holdings Corp.; FDC Davao Del Norte Power Corp.; FirstGen Northern Power Corp.; GDF Suez Energy Philippines Inc.; Masinloc Power Partners Co. Ltd.; Meralco Powergen Corp.; Nexif Pte Ltd.; SMC Global Power Holdings Corp.; SPC Power Corp.; Team (Philippines) Energy Corp.; Therma Southern Mindanao, Inc.; and Vivant Energy Corp.

PSALM decided to proceed with the pre-bid conference, even after Energy Secretary Carlos Jericho Petilla had publicly declared that he wanted PSALM to delay the selection and appointment of the IPPA for Mindanao coal plant until new power plants started operations in the island.

The Mindanao coal plant, located in Misamis Oriental, was constructed in 2006 for a 25-year power purchase agreement and under a build-operate-transfer scheme that will end in 2031.

PSALM officer-in-charge Lourdes Alzona said  she welcomed the strong interest in the Mindanao coal privatization, saying “it’s always a pleasure for us to see old-timers and newcomers alike joining in our bidding activities.”

She said Mindanao needed “private sector infusion to ensure stable and reliable power supply in the region.”

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