The Philippines’ power sector privatization agency has launched a tender auction for privatization of the 800-kW Amlan hydroelectric project. Letters of interest are due by April 29, followed by bids June 25.
The government’s Power Sector Assets and Liabilities Management Corp. (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 the most recent privatization auction of a hydro project, Philippine power producer Aboitiz Power and Norway’s Statkraft Norfund Power Invest (SN Power) won the 75-MW Ambuklao and 100-MW Binga hydroelectric projects with a bid of US$325 million. (HNN 11/28/07)
Amlan is located in Amlan, Negros Oriental. 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.
Letters of interest are due by 5 p.m. April 29 to Privatization, Bids and Awards Committee, at the address below. As prerequisite to obtaining a bidding package, prospective bidders must obtain confidentiality agreement and undertaking forms from PSALM, and complete and return them by 5 p.m. April 30 with a fee of US$500 in cash, manager’s check, or cashier’s check. Bidding packages will be issued from April 24-30.
Due diligence is to be performed April 14-June 23. A pre-bid conference is scheduled at 2 p.m. May 7. Two-envelope bids are due by noon June 25.
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: email@example.com; Internet: www.psalm.gov.ph.