PSALM to Sell Government-owned Power Plants

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By: Amy R. Remo
Philippine Daily Inquirer

Power Sector Assets and Liabilities Management Corp. (PSALM) plans to sell six government-owned power plants and two independent power producer administrator (Ippa) contracts this year, in a bid to help plug an expected P85-billion deficit.

In an e-mail to reporters, PSALM president and CEO Emmanuel R. Ledesma Jr. said the government was planning to bid out the 650-megawatt Malaya thermal power plant in Pililla, Rizal; the decommissioned 225-MW Bataan thermal power plant; and Power Barges 101, 102, 103 and 104, which are moored in Visayas and Mindanao.

PSALM also targets to bid out the Ippa contracts for the 140-MW Casecnan multipurpose hydroelectric power plant in Luzon and the 640-MW Unified Leyte geothermal power complex.