Philippines PSALM to open tender for administration of Leyte plants
Tongonan, Leyte Geothermal power plant, Philippines
Alexander Richter
6 Ağu 2013
The Philippines Power Sector Assets and Liabilities Management Corp.(PSALM) is inviting industry stakeholders to participate in the selection process for the IPPs for the Unified Leyte Geothermal Power Plants.
Local news from the Philippines report that the “Power Sector Assets and Liabilities Management Corp.(PSALM) is inviting industry stakeholders to participate in the selection process for the Independent Power Producer Administrators (IPPAs) for the Unified Leyte Geothermal Power Plants (ULGPPs).
In an Invitation to Bid (ITB) published on Wednesday, PSALM said an interested party can participate as an IPPA for the “bulk energy” and/or the “strips of energy.”
An IPPA can win the rights to “strips of energy” from the Visayas-based geothermal plants that range from 1 megawatt (MW) up to a maximum of 40 MW.
PSALM said out of the 240-MW sum of strips, only 200 MW will be offered to IPPAs. The 40 MW, which will remain with PSALM, will serve as security capacity.
The IPPA for the bulk energy will have the rights to the capacity in excess of the 240-MW sum of strips. The obligation to trade the Unified Leyte’s total output (bulk and sum of strips, as well as the necessary registration applications required by the Wholesale Electricity Spot Market, shall lie solely with the IPPA for the bulk energy.
PSALM President and Chief Executive Officer Emmanuel R. Ledesma Jr. said the sale structure of the Unified Leyte IPPA encourages diversification in the market.
“This bid is not just limited to generation companies, given that even distribution utilities, including electric cooperatives and other interest groups, can participate and win as well,” Ledesma said.
The ITB specified that interested parties must submit a Letter of Interest not later than 5 p.m. of August 7. To acquire the bidding package, participants also need to execute a confidentiality agreement and an undertaking with PSALM, and pay a nonrefundable participation fee of P200,000 for the bulk energy and P50,000 for the strips of energy on or before August 14.
The pre-bid conference for the Unified Leyte IPPA selection is on August 28, while the bidding will be held on October 29.
The ULGPP is composed of several geothermal units in Tongonan, Leyte. These are the 125-MW Upper Mahiao, the 232.5-MW Malitbog and the 180-MW Mahanagdong power plants, and the 51-MW optimization plants.
The ULGPP is covered by power purchase agreements between the National Power Corp. and the Energy Development Corp.”
Source: Business Mirror
