State-run Power Sector Assets and Liabilities Management Corp. will hold another auction to sell the decommissioned 850-megawatt Sucat power plant in Muntinlupa City in May in compliance with the Electric Power Industry Reform Act of 2001.
PSALM issued the notice to bid for the sale of the structures, plant equipment, auxiliaries and accessories of the decommissioned plant on an “as is, where is” basis.
The agency said interested parties must submit letters of interest not later than 12 p.m. of April 24, 2017. Interested parties can conduct the due diligence for the Sucat facility from Feb. 6 to May 29 while a pre-bid conference will be held on March 20.
PSALM said disqualified from the bidding are parties having “unresolved issues arising from the renegotiation of contracts with IPPs” or those with “unpaid account arising from contractual obligations with the DOE [Department of Energy], PSALM, NPC [National Power Corp.] and TransCo (National Transmission Corp.)”
PSALM manages the assets and liabilities of National Power Corp.