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Business

8 groups express interest in bidding for 4 power barges

The Philippine Star

MANILA, Philippines - Eight firms have signified interest to bid for the four power barges that would be auctioned off by the government on Oct. 9, the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) said.

PSALM president and chief executive officer Emmanuel Ledesma Jr. said the eight entities have asked for the revised terms of bidding for the sale of Power Barges (PBs) 101, 102, 103 and 104.

PSALM has required interested parties to submit a letter of interest not later than Aug. 1, 2013, pay a non-refundable participation fee of P120,000, and execute and submit a confidentiality agreement and undertaking not later than Aug. 2.

Ledesma said the eight prospective bidders consist of one foreign and seven local firms.

During the pre-bid conference held yesterday at its Makati City office, PSALM said all eight bidders were present to discuss the bidding procedures as well as salient features of the sale.

PSALM has set the deadline for the submission of bids on Oct. 9 at 12 noon, after which the opening and evaluation of bids would follow.

Ledesma earlier reported that significant changes have been incorporated in the sale of PBs 101-104 to address bidders’ previous concerns.

 â€œWe are selling the Iloilo-based PBs 101-103 as one package and the Davao-based PB 104 as another package. Transfer to Mindanao will no longer be a requirement for PBs 101-103, but the winning bidder for PB 104 will be required to operate the barge in Mindanao for at least five years,” he said.

The PSALM board has also agreed to sell the power barges on an “as is, where is” basis.  “This means that no purchase request or purchase order will be attached to the sale agreement,” Ledesma added.

PBs 101, 102, 103 and 104 are nominal 32-megawatt (MW) barge-mounted bunker-fired diesel generating power stations that consist of four identical Hitachi-Sulzer diesel generator units rated at eight MW each.

PBs 101 and 102 are currently stationed at Bo. Obrero in Iloilo City.  PBs 103 and 104 are moored in Estancia, Iloilo, and at the Holcim Compound, Davao City, respectively.

DAVAO CITY

EMMANUEL LEDESMA JR.

HOLCIM COMPOUND

ILOILO

ILOILO CITY

LEDESMA

MAKATI CITY

MINDANAO

PBS

POWER BARGES

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