The Power Sector Assets and Liabilities Management Corp. (PSALM) is soliciting bids for the conduct of a study on the contracted capacities with independent power producer (IPP) plants.
With an outlay of P22.66 million, the study is provided in PSALM’s 2019 Corporate Operating Budget.
The study will cover PSALM’s contracted capacities with IPP plants, namely: Caliraya-Botocan-Kalayaan Hydroelectric Power Plants, Mindanao Coal-Fired Thermal Power Plant, Casecnan Multi-Purpose Project, Unified Leyte Geothermal Power Plant and the Mindanao I and II Geothermal Power Plants.
PSALM will evaluate the most beneficial and feasible privatization options and structures for its remaining IPP contracts through the assistance of a third-party consultant.
Interested bidders who submitted eligibility documents and have paid the applicable fee amounting to P25,000 will be shortlisted. However, only those who passed PSALM’s criteria and rating system will be entitled to participate in the bid opening on December 4.
Specifically, the winning firm will be tasked tasked to study the technical, contractual, legal, commercial and plant-specific issues affecting the IPP contracts, review relevant agreements and applicable laws, conduct consultations with concerned agencies, and private entities, and conceptualize technical, financial and legal frameworks for the proposed privatization options and structures.
The agreement to conduct the study will be for a period of 150 days from the winning consultant’s receipt of the notice to proceed.