Aboitiz eyes Mindanao coal plant

by Alena Mae S. Flores, 16 March 2015
from Manila Standard Today

Aboitiz Power Corp. has expressed interest to participate in the bidding for the independent power producer that will administer the contracts of the 210-megawatt Mindanao coal-fired power plant in Villanueva, Misamis Oriental.

Aboitiz Power president Antonio Moraza told reporters Power Sector Assets and Liabilities Management Corp. wanted to auction the Mindanao coal contracts this year. PSALM has not yet issued the invitation to bid for the Mindanao coal contracts.

“This year, they want to do Steag. We definitely want to participate in that,” Moraza said.

Germany’s Steag State Power Inc. operates the Misamis Oriental plant under a build-operate-transfer agreement with the government. Steag, which is principally owned by Steag GmbH, is a leader in advanced coal power generation technology and one of the pioneers in operating and maintaining a highly efficient and reliable coal-fired power plant in the country.

Other shareholders are Aboitiz Power Corp. and La Filipina Uygongco Corp.

“Casecnan [hydro] also, if that pushes through, we want to participate. I don’t know about CBK [Caliraya-Botocan-Kalayaan hydro-electric power plant], again we will participate in that,” Moraza said.

The official said the company may also participate in the auction for the selection and appointment of the independent power producer administrator for the bulk energy of the Unified Leyte geothermal power plants in August.

“Yes, we’ll study it,” Moraza said.

PSALM, in a published invitation to bid, said interested parties for the Unified Leyte bulk energy contracts must submit letters of interest by March 24.

PSALM said it would issue the bidding procedures from March 30 to April 15. It set the due diligence period on March 30 and the prebid conference on May 6. Bid submission deadline is set on August 12.

PSALM president Emmanuel Ledesma Jr. earlier said the independent power producer contracts up for bidding were scheduled for the second semester.

PSALM privatized the bulk energy of the Unified Leyte Power Plants in November 2013  but the sale was affected following the damage suffered by the plants from super typhoon Yolanda.

Unified Leyte Geothermal owned by the Lopez Group tendered a bid of P215 million for the bulk energy to emerge as the highest bidder. It withdrew the bid citing damage of the plants from typhoon Yolanda.

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