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Salcon on Shopping-Spree
« on: October 30, 2009, 07:00:26 PM »
Bohol power and water investors company, Salcon Power Corporation (SPC) continues to widen its grasp on major Visayan power assets when it recently acquired the 55-megawatt (MW) Naga Land-Based Gas Turbine (LBGT) Power Plant in Cebu.
Earlier, SPC also got the 146.5 MW Panay and the 22 MW Bohol Diesel Power Plant when the Power Sector Assets and Liabilities Management (PSALM) Corporation them up for bidding last November.
Last 25 March 2009, in simple ceremonies, PSALM turned over the Panay and Bohol diesel power plants to SPC last March 25, 2009 in simple ceremonies after the group paid in full its USD5.86-million (USD5,857,553. 34) offer for the packaged power plants

PSALM also put up the Naga power plant for sale recently and SPC negotiated for the power asset, making it the seventh operating power plant, which it successfully sold this year.
SPC also won the Rehabilitation, Operation, Maintenance, and Management contract for the 203.8-MW Naga Power Plant Complex in 1994.

The sealing of the Naga power plant elevates SPC’s claim to its third power asset in the Visayas, claiming a combined company total power generation of 222MW.
SPC matched the PSALM Board reserve price of USD1.008 million (USD1,008,000. 00) for the Cebu-based power plant, after initially offering USD429,488.00 for the gas turbine power facility.

With the developments, PSALM is set to issue a Notice of Award to SPC to formally declare the company as the new owner of the Naga LBGT as soon as the accuracy, authenticity, and completeness of the bid documents it had submitted are verified by PSALM’s Privatization Bids and Awards Committee, sources said.

Prior to its negotiated sale, the Naga LBGT underwent two unsuccessful biddings in April and June 2009.

Under its bidding rules, PSALM may opt to enter into negotiations with any interested party after two failed biddings. (PIA)

Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

Where to Stay in Bohol? Book at Dao Diamond Hotel and Restaurant in Tagbilaran City. Online reservation at:


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Re: Salcon on Shopping-Spree
« Reply #1 on: October 31, 2009, 02:24:52 AM »
mura jud ni ug ga shopping kay ang prices sa mga planta is very cheap. One aspect to be looked into is how are they going to operate this plants considering that the price of electricity is regulated. Is NPC (National Power Corporation) supplying them fuel unya sila ra magpa-dagan sa generating plant? Is this the cause of why NPC is incurring big deficit bisag gibaligya na ang mga planta? Just wondering

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