Power Sector Assets and Liabilities Management Corp. said it will pursue a new round of bidding for the 650-megawatt Malaya power plant which will now include the sale of the land in Pilillia, Rizal.
“What we are trying to do for the privatization of Malaya is to include the land so it’s going to be bundled together,” PSALM president Irene Joy Besido-Garcia said.
Garcia said PSALM was prepared to return the payment from those who acquired the bid documents during the privatization process last year which was put on hold.
“We got a direction from the DoE [Department of Energy] to look into the possibility because in the past, usually it’s just the power plant and there is a lease contract on the land. Now, we want to sell the power plant on an as is where is basis and then we will include the land so we can optimize the value of the power plant,” Garcia said.
PSALM is also rebidding the operations and maintenance service contract of the thermal power plant. The first round of bidding for the contract in May was declared a failure.