PSALM to bid out consulting services for Malaya Thermal plant privatization

MANILA, Philippines — State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is seeking interested parties to bid for consulting services for the privatization of the Malaya Thermal Power Plant.

In a document posted on its website, PSALM said the approved budget for the contract (ABC) was set at P8.6 million.

Bids received in excess of the ABC shall be automatically rejected at the opening of the financial proposals, PSALM said.

“PSALM now calls for the submission of eligibility documents for the provision of consulting services for the privatization of Malaya Thermal Power Plant,” the firm said.

Interested consultants need to submit eligibility documents to PSALM’s Bids and Awards Committee (BAC) on before Aug.  24.

The BAC shall draw up the short list of consultants from those who have submitted expressions of interest.

“The short list shall consist of at least one prospective bidder who will be entitled to submit bids,” the PSALM said.

The 650-megawatt Malaya plant is located in Pililia, Rizal and consists of a 300-MW unit with a once-through type boiler and a 350-MW unit fitted with a conventional boiler.

It was last rehabilitated in 1995 by Korea Electric Power Corp. under a 15-year rehabilitate-operate-manage-maintain agreement.

The Malaya power plant was designated as a must-run unit by the Department of Energy (DOE) to address supply deficiency when operating power plants in the grid suddenly bog down or become unavailable.