Power Sector Assets and Liabilities Management Corp. (PSALM) has announced that 12 teams have submitted interest in the independent power producer administrator (IPPA) of the 200 MW coal-fired thermal power plant in Mindanao, Philippines.
The 12 teams are the following:
The IPPA gives the winning bidder the right to manage the electricity produced by the plant.
The 200 MW coal-fired thermal power plant in Mindanao is currently operated by Steag State Power Inc. The plant was developed in 2006 through a 25-year build, operate and transfer (BOT) power purchase agreement (PPA) scheme that finishes by late 2031.
PSALM will hold a pre-bid conference on 6 May 2015. The companies must submit their bids on 23 September 2015.
We have recently reported that Philippines’ Panay Energy Development Corp. (PEDC), a wholly owned subsidiary of Global Business Power Corpation, raised 11 billion pesos (around US$250 million) in the form of a 12-year syndicated loan facility for the 150-megawatt clean coal-fired power plant project in Iloilo City.