http://www.manilastandardtoday.com/?page=business02_aug02_2006
By Alena Mae S. Flores
Power Sector Assets and Liabilities Management Corp. yesterday said seven interested parties attended the second prebid conference for the sale of the 100-megawatt Pantabangan and the 12-megawatt Masiway hydroelectric power plants in Nueva Ecija.
PSALM, the agency overseeing the privatization of National Power Corp. assets, discussed with investors the provisions contained in the revised draft of the operation and maintenance agreement for the two plants.
It also threshed out the terms and conditions set by the National Irrigation Administration regarding the commercial and technical operation and maintenance of the nonpower components of the plants.
Under its charter, the irrigation agency administers all irrigation systems and other pertinent nonpower components of multi-purpose hydropower facilities. These include the Pantabangan and Masiway dams that supply the water used by the two hydropower plants to generate electricity.
“PSALM will always endeavor to settle in a timely manner any unforeseen plant specific issues through consultation and dialogue with the interested bidders and concerned agencies of the government,” Froilan Tampinco, Psalm vice president for asset management and electricity trading, said.
Psalm did not identify the interested parties. However, industry sources earlier said Kepco Philippines Corp. (Kephilco), CalEnergy, Aboitiz Equity Ventures with partner Norwegian firm SN Power, First Generation Holdings Corp. and TransAsia Power were among the interested bidders.
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