PSALM seeking bidders for Leyte geothermal plants

by Lenie Lectura, 11 March 2015
from BusinessMirror

THE Power Sector Assets and Liabilities Management Corp. (PSALM) is soliciting bids for the sale of the output of the Unified Leyte Geothermal Power Plants (ULGPP).

In a bid invite, the state firm said it will accept bids for the selection and appointment of an independent power producer Administrator (IPPA) for the bulk energy of the ULGPP until August 12 this year.

A pre-bid conference is set on May 6.

The ULGPP is composed of the 125-megawatt Upper Mahiao, 232.5-MW Malitbog and 180-MW Mahanagdong power plants, and the 51-MW optimization plants.

Located in Tongonan, Leyte province, the ULGPP is covered by power purchase agreements between the National Power Corp. and the Energy Development Corp.

The ULGPP IPPA has been split into two components: IPPA-strips and the IPPA for bulk energy.

An IPPA can win the rights to strips of energy from the ULGPP that range from 1 MW up to a maximum of 40 MW. Out of the 240-MW sum of strips, only 200 MW was offered to the IPPAs, with the 40 MW remaining with PSALM as security capacity.

The IPPA for the bulk energy, on the other hand, will have the right to the capacity in excess of the 240-MW sum of strips.

The obligation to trade ULGPP’s total output, as well as the necessary registration applications required by the Wholesale Electricity Spot Market, shall lie solely with the IPPA for the bulk energy.

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