The Power Sector Assets and Liabilities Management Corporation (PSALM) is selling the site of the old 225-megawatt (MW) Bataan Thermal Power Plant in the town of Limay.
PSALM said the 14-lot 139,054-square meter site, which also once hosted the decommissioned plant’s housing facilities, would be sold through public bidding. The site’s minimum bid price was set at Php250.4 million.
The government-owned firm said the site ideal for industrial development and energy-related projects due to its proximity to the National Grid Corporation of the Philippines’ Limay Substation. Some parts can be also developed for residential purposes as the terrain of the land is generally flat with rolling portions. Incidentally, the site is also a five to ten-minute drive from Petron’s refinery.
A pre-bid conference will be held on October 12 for interested bidders ahead of the actual submission of bids on November 5.
Established by virtue of Republic Act 9136 or the Electric Power Industry Reform Act (EPIRA), PSALM is tasked to privatize the assets of the National Power Corporation. Recently, it sold the 650MW Malaya Thermal Power Plant in Pililla, Rizal to Fort Pilar Energy, a firm owned by the family of businessman-politician Michael “Mikee” Romero.