PSALM resets Cebu plant bid

MANILA, Philippines - The Power Sector Assets and Liabilities Management Corp. (PSALM) has reset anew the bidding for the contract to operate the 145.8-megawatt Naga power complex in Cebu, a PSALM official said.

PSALM vice president Conrad Tolentino said they held a second round of pre-bidding recently and the sole bidder who showed up requested for another extension for the submission of the bid proper.

“The only bidder requested for more time. We allowed until Nov. 23,” he said.

Last June, the second round of bidding for the Naga contract failed as only SPC Power Corp. submitted an offer.

In a public notice, PSALM said has allotted P319.389 million for the operation and maintenance service contract (OMSC) for the Naga power plant complex.

Prospective bidders should pay a non-refundable fee of P50,000 for bid documents, which were made available starting yesterday.

The first bidding for the Naga complex’s OMSC also failed when PSALM received no offer last Feb. 27.

In March, SPC bagged a six-month contract to continue operating and maintaining the Naga plant complex, with PSALM committing to pay the listed firm P148.99 million for its services. Early this month, the deal was extended by another three months.