Five bidders for the 0.8-megawatt Amlan Hydroelectric Power Plant in Oriental Negros will proceed to the pre-bid stage tomorrow after complying with the initial requirements set by the Power Sector Assets and Liabilities Management Corp.

Prospective bidders can clarify issues and concerns on the bidding procedures during the pre-bid conference. The bidding is set on June 25.

The next stages of the bidding exercise will include conducting due diligence on the power facility.

The initial requirements included the submission of a Confidentiality Agreement and Undertaking and the payment of the $500 participation fee.

 PSALM announced last month the sale of the small hydro-electric plant located in Brgy. Pasalan, which has two 400-kilowatt turbine generators and operates as a base-load plant supplying power to Amlan and its neighboring areas.

Another power facility offered for sale in Oriental Negros is the 192.5-MW Palinpinon Geothermal plant in Valencia. Palinpinon, which will be sold in July, has two power stations, the Palinpinon I and II.

Being commissioned by the PNOC-Energy Development Corp., it was previously offered as one package with the Panay Diesel Power Plant, consisting of the 36.5-megawatt Panay 1 and and 110-megawatt Panay 3 plants which are facilities of the National Power Corp.

PSALM had earlier announced that Panay Diesel will now be bidded out with 22-MW Bohol power plant in August, while Palinpinon will be sold independently.

The sale of these power plants is part of the government’s efforts to privatize at least 70 percent of its total generating assets.*NLG

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