by Myrna Velasco – November 20, 2015
from Manila Bulletin
The buyer of the mothballed 850-megawatt Sucat thermal power plant (STPP) will not only acquire the asset on a scrap mode, but it will also be mandated to do clean-up of the site and prepare it for the construction of a new gas-fired power facility.
In the invitation to bid sent out by Power Sector Assets and Liabilities Management Corporation (PSALM), it specifically prescribed that the facility’s site shall be made ready for a greenfield gas plant by 2018.
The Department of Energy (DOE) has already stated that a new gas-fired plant at the Sucat site will serve as anchor load to the blueprinted gas pipeline project.
She added “the disposal and site cleanup is synchronized with the Master Plan schedule which indicates that the STPP land should be available by mid-2018 for the construction/operation of a combined cycle gas turbine power plant.”
Alzona said “the proceeds from this disposal activity will be used for the liquidation of financial obligations.” The facility will be sold on “as is, where is” basis.
The last attempt on Sucat plant’s privatization ended in a messy outcome because of fraudulent document submitted by the declared winning bidder then.