PSALM selling P20-M assets in VisMin

MANILA, Philippines – State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is disposing more assets worth nearly P20 million.

The agency tasked to manage state-owned power assets said it would auction off assets located in Visayas and Mindanao.

The first package includes the unserviceable and general power plant equipment, spares, materials and scrap worth P18 million.

These assets are located in its Cebu Diesel Power Plant in Toledo City, Cebu; Palimpinon Goethermal Power Plant in  Valencia, Negros Oriental; Bohol Diesel Power Plant in Tagbilaran City, Bohol; and Aplaya Diesel Power Plant in Jasaan, Misamis Oriental.

Meanwhile, the second package involves the unserviceable and general power plant equipment, spares, materials and scrap worth P1.22 million.

These are located in the Panay Diesel Power Plant and in General Santos Diesel Power Plant.

For both packages, a pre-bid conference will be held on Nov. 27 and the deadline for documentary deliverables is on Dec. 2.

“PSALM shall notify the interested bidder of whether its documentary deliverables were compliant or non-compliant and shall issue the final bidding documents to qualified bidders on or before 7 December 2015,” PSALM said.

Qualified bidders have until Dec. 21 to submit offers.