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PSALM invites firms to supply Malaya diesel

State-run Power Sector Assets and Liabilities Management Corp. is inviting bidders to supply diesel oil to the 650-megawatt Malaya thermal power plant in Rizal even as government prepares for its privatization.

PSALM, which manages the assets and liabilities of National Power Corp., is seeking suppliers of 600,000 liters of diesel oil to the Malaya plant for 2019 with an approved budget of P23.665 million.

“Bids in excess of the approved budget for the contract shall be automatically rejected at bid opening,” PSALM said.

It said bidders must have completed, within three years from date of submission and receipt of bids, a single contract with a value equivalent to at least 25 percent of the approved budget for the Malaya fuel delivery.

“Bidding will be conducted through open competitive bidding procedure using a non-discretionary “pass/fail” criterion as specified in the 2016 Revised Implementing Rules and Regulations of RA 9184 otherwise known as the Government Procurement Act,” it said.

PSALM set the bid submission on July 5, 2019 for the Malaya fuel delivery. It said it reserved the right to accept or reject any bids, declare a failure of bidding or not award the contract.

PSALM is pushing for the privatization of the Malaya plant. It engaged a consultancy firm to do a valuation of the plant and its underlying land in Rizal province.

PSALM engaged PwC Philippines, which scored the highest points among three competing consultancy companies in an evaluation it conducted in March.

“As the winning principal consultant, PwC Philippines shall be responsible for the crafting of financial models and analyses to optimize value for the land and structures of Malaya TPP,” PSALM said earlier.

Criteria used in the bidding comprise 40 percent for experience of the consulting firm, 50 percent on qualifications of consultants and 10 percent allotted on approach and methodology.

PSALM said the sub-consultant, Asian Appraisal Company Inc., would be responsible for appraising the land underlying the Malaya power plant. 

“The PwC Philippines will present the results of its valuation to the Board of Directors of PSALM in August 2019 on the same day of the conduct of the public bidding for the Malaya TPP and its underlying land,” PSALM said.

Topics: Power Sector Assets and Liabilities Management Corp. , PSALM , Malaya diesel , Malaya thermal power
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