• Foreign, local firms express interest on power barges

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    One foreign firm and seven local companies have expressed their interest to acquire power barges or barge-mounted diesel power generating facilities currently being bidded out by state-run Power Sector Assets and Liabilities Management Corp. (Psalm)

    Emmanuel Ledesma Jr., Psalm president and chief executive officer, said in a text message that the lone foreign investor interested to join the auction for power barges is American Capital Energy and Infrastructure.

    The interested local firms, on the other hand, are D.M. Wenceslao and Associates Inc., Filinvest Development Corporation Utilities Inc., S.L. Development Construction Corp., SPC Island Power Corp., Therma Power Visayas Inc., Trans-Asia Oil and Energy Development Corp. and Vivant Corp.

    Specifically, Psalm will bid out Power Barges (PBs) 101, 102, 103 and 104.

    “We are selling the Iloilo-based PBs 101-103 as one package and the Davao-based PB 104 as another package. Transfer to Mindanao will no longer be a requirement for PBs 101-103, but the winning bidder for PB 104 will be required to operate the barge in Mindanao for at least five years,” Ledesma said.

    The Psalm board has also agreed to sell the power barges on an “as is, where is” basis, which means that no purchase request or purchase order will be attached to the sale agreement, he added.

    PBs 101, 102, 103 and 104 are nominal 32-megawatt barge-mounted bunker-fired diesel generating power stations that consist of four identical Hitachi-Sulzer diesel generator units rated at 8 megawatts each.

    PBs 101 and 102 are currently stationed at Barrio Obrero in Iloilo City, while PBs 103 and 104 are moored in Botongon, Estancia, Iloilo, and at the Holcim Compound, Ilang, Davao City, respectively.

    Psalm has set the deadline for the submission of bids on October 9 at 12 p.m., after which the opening and evaluation of bids would follow.

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