AT least 16 companies have expressed interest in two government-owned power assets that are lined up for privatization.

Earlier, the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) successfully held pre-bid conferences for its selection and appointment of the Independent Power Producer Administrators (IPPAs) for the Bulk Energy of the Unified Leyte Geothermal Power Plants (ULGPP Bulk) and the 200-megawatt (MW) Mindanao Coal-Fired Thermal Power Plant (Mindanao Coal).

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