AT least four companies are interested to bid for the operations and maintenance (O&M) contract of the 650-megawatt (MW) Malaya Thermal Power Plant in Pililla, Rizal.
The companies are Malaya Power Corp., STX Marine Services Co. Ltd., Ogas Solutions (Thailand) Ltd., and Kepco KPS Philippines.
Power Sector Assets and Liabilities Management (PSALM) Corp. Officer-in-Charge Lourdes Alzona said the companies are expected to attend the bidding on August 3.
Malaya Thermal’s O&M contract has an approved budget of P457.27 million.
STX Marine of Korea is the current operator and manager of the 40-year-old Malaya Thermal whose contract will end on September 25.
The government put on hold the power plant’s privatization and instead utilized it as a “security asset” to feed the Luzon grid with additional capacity when needed.
Concerned employees of the power plant are opposing the renewal of contract of STX Marine.
In a position paper, they said STX Marine is basically experienced in marine transportation and has no track record in managing a power plant as big as Malaya thermal.
The Koreans managing the facility are not well versed in the operations and maintenance of equipment and system of this particular model, noting the frequency of disagreements between employees the managers.
Malaya Thermal consists of two power units with a dependable capacity of 290 MW and 340 MW.