Two foreign and eight locally-owned firms will compete against one another in the bidding for the government’s contracted output from two Mindanao-based geothermal power plants set for the third quarter of this year.
The Power Sector Assets and Liabilities Management (PSALM) Corp. earlier cleared the selection and appointment of the independent power producer administrator (IPPA) for the Mindanao I and II Geothermal Power Plants (Mt. Apo 1 and 2).
Mt. Apo 1 and 2 are privately owned but their output is at the government’s disposal.
The two geothermal power plants have a rated capacity of 54.24 megawatts each.
Considered the first IPPA selection in Mindanao, the Mt. Apo IPPA will manage the government’s contracted energy from the Mt. Apo 1 and 2 plants, which are 390 gigawatt-hours (GWh) and 398 GWh per year, respectively.
“For Mt. Apo, there are 10 interested bidders who submitted their letters of interest before the deadline set last May 3, 2014,” PSALM President and Chief Executive Officer Emmanuel Ledesma Jr. said in a text message to reporters on Tuesday.
Ledesma said that out of the 10 interested bidders, two are foreign-owned entities and eight are Filipino-owned.
Asked to specify the names of the bidders, Ledesma only said “we will release the names of those who submitted their letters of interest for Mt. Apo on Friday.”
“We are awaiting the completion of the documentary submissions and payment of the participation fee of the prospective bidders,” he added.