9 groups interested in Sucat power plant
Nine groups, including three foreign companies, have expressed interest in bidding for the decommissioned 850-megawatt Sucat thermal power plant in Muntinlupa City, Power Sector Assets and Liabilities Management Corp. said Thursday.
PSALM president Emmanuel Ledesma Jr. said the nine prospective bidders submitted letters of interest before the Dec. 19 deadline.
PSALM said it would sell the plant equipment, structures, auxiliaries and accessories of the decommissioned Sucat power plant.
“As PSALM kicks off its 2014 privatization activities with the sale of the decommissioned Sucat plant, we’re pleased to report the participation of these nine investor groups, which is composed of six Filipino and three foreign firms,” Ledesma said.
PSALM, the agency tasked to manage the assets and liabilities of National Power Corp., said it would gather the prospective bidders for a pre-bid conference on Jan. 7.
The submission and evaluation of bids is scheduled on March 12 at the PSALM office in Makati City.
PSALM said the plant equipment, structures, auxiliaries and accessories of the Sucat plant would be sold on an “as is, where is” basis.
The Sucat plant is an oil-fired power plant that was previously owned by Manila Electric Co., and later acquired by Napocor in November 1978.
It consists of Unit 1, which has a rated capacity of 150 MW; Units 2 and 3, each with 200 MW; and Unit 4, which is rated at 300 MW.
Formerly known as the Gardner Snyder thermal plant, the Sucat station officially began commercial operations on Aug. 1,1968 after the completion of Unit 1. Units 2, 3 and 4 followed operations after their construction in 1970, 1971 and 1972, respectively.