UPDATE – Philippine agency launches new auction of 800-kW Amlan

The Philippines’ power sector privatization agency has launched a new auction for privatization of the 800-kW Amlan hydroelectric project. Letters of intent to bid are due September 17, followed by bidding December 10.

The government’s Power Sector Assets and Liabilities Management Corp. (PSALM) declared Amlan’s initial privatization auction a failure after receiving only one bid by the July 23 deadline. The PSALM board decided immediately to rebid the asset. (HNN 8/4/08)

PSALM is attempting to raise up to US$5 billion over several years by selling power plants of debt-strapped National Power Corp. (Napocor). In addition to the Amlan retendering, PSALM said September 2 it seeks privatization bids again for four diesel-fired power plants: 108-MW Aplaya and 22.3-MW General Santos, which are decommissioned, and 146.5-MW Panay and 22-MW Bohol.

Amlan is located in Amlan, Negros Oriental Province. The first power plant to be built in the province, it consists of two 400-kW horizontal turbine-generators intended to operate as a baseload plant serving the town of Amlan and surrounding villages.

Letters of intent to bid are due by September 17. Prospective bidders are to submit a confidentiality agreement and undertaking forms with a fee of US$500 by 5 p.m. September 19. A pre-bid conference is scheduled October 1.

Two-envelope bids are due December 10.

For information, contact Froilan A. Tampinco, Vice President, Asset Valuation and Disposal, Power Sector Assets and Liabilities Management Corp., 7th Floor, Bankmer Building, 6756 Ayala Avenue, Makati City, Philippines; (63) 2-8938202, extension 202; Fax: (63) 2-8926029; E-mail: fatampinco@psalm.gov.ph; Internet: www.psalm.gov.ph.

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