State-run Power Sector Assets and Liabilities Management Corp. is bidding out the one-year operation and maintenance service contract of the 650-megawatt Malaya thermal power plant in Rizal province for P264 million.
PSALM said it would issue the invitation to bid for the Malaya power plant operation this year and and in 2019. PSALM is tasked under the Electric Power Industry Reform Act of 2001 to manage the assets and liabilities of National Power Corp.
“PSALM now invites bids for the procurement of the OMSC for the 650-MW Malaya thermal power plant. Delivery of the goods and services is required for one year upon the effectivity of the contract,” PSALM said.
The agency said bidders should have completed a similar project in the past five years. The contract similar to the project involves services of similar nature and complexity as to the operation and maintenance of either diesel, oil or coal-fired power plant with generation output delivered to the national grid.
PSALM said it would hold a pre-bid conference on May 2 and conduct the bid opening on May 15.
PSALM is bidding out the Malaya’s OMSC prior to its planned full privatization.
PSALM earlier bid out the supply and delivery of industrial fuel oil for Malaya power plant for 2018 amounting to 42 million liters and costing P1.186 billion.
PSALM is also asking for bids for the supply of 1.4 million liters of diesel oil for the Malaya power plant worth P51.2 million.
PSALM owns and operates the 650-megawatt Malaya power plant in Pililla, Rizal, which the government was hoping to privatize to pay the company’s debt.
Energy Undersecretary Leonido Pulido III earlier said PSALM started the privatization process for the Malaya power plant in February last year, but the process was put on hold following the decision of Energy Secretary Alfonso Cusi to convert the plant into a liquefied natural gas or coal-fired power plant.
“We put it on hold because the secretary wanted to change the TOR (terms of reference] to require that it would be converted into a LNG power plant or coal,” Pulido said.