Three firms have been pre-qualified to bid for the decommissioned 850-megawatt (MW) Sucat thermal power plant (STPP) in Muntinlupa City.
The three companies are Riverbend Consolidated Mining Corporation, VPD Trading and G.G Uy Bonapor Metal Contractor Company, the Power Sector Assets and Liabilities Management Corp. (PSALM) said.
Only the three passed the prequalification process by the PSALM and are allowed to participate in the bidding process and are expected to submit their bids for the plant.
“The successful sale of this asset advances the interest of the government as the proceeds will be part of the additional funding source for the liquidation of the National Power Corp.’s debts assumed by PSALM,” PSALM OIC Lourdes Alzona said.
The bidding is for the sale of structures, plant equipment, auxiliaries, and accessories of the Sucat plant.
Included in the sale are the obligation to clean – up the opening of bids for the sale of the structures. This means that the buyer will return the present site to ground zero (road level) free and clear of wastes, toxic substances, debris, and structures.
Units 1 and 4 of the Sucat Plant were decommissioned in January 2000, Units 2 and 3 were shut down two years after.
The Sucat Thermal Power plant was placed on sale in 2014 and 2016, but have been declared failed biddings.
The Sucat Plant used to be the Gardner Synder Thermal Plant that began its commercial operations in 1968 with its first unit.