Four companies eyeing Malaya Thermal Power Plant

The Power Sector Assets and Liabilities Management Corp. (PSALM) yesterday said four companies are interested in buying the Malaya Thermal Power Plant in Rizal.

PSALM officer-in-charge Lourdes Alzona said the deadline for letters of interests (LOI) closed on Tuesday, December 20. Only firms that submitted the LOI can participate in the bidding, set for March 8, 2017.

“As of 5 pm, PSALM received four letters from the ff: APT Global Inc, Phinma Energy Corp., Riverbend Consolidated Mining Corp., and AC Energy Holdings Inc.,” Alzona said.

Assets are to be sold on an “as is, where is” condition. Its last rehabilitation was done by Korea Electric Power Corp. (Kepco) in 1995 under a 15-year rehabilitate-operate-manage-maintain agreement.

The Malaya plant has a 300-MW unit with a once-through type boiler and a 350 MW unit with a conventional boiler.

The Department of Energy (DOE) designated the plant as a must-run unit (MRU) in order to curb electricity supply deficiency when operating power plants in the grid shut down.

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