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The Power Sector Assets and Liabilities Management Corp. (PSALM) has
opened the bidding process for state-owned National Power Corp.’s
Limay power plant.
PSALM has set the bidding date for the
620-megawatt plant on July 30.
A combined-cycle power plant such as the Limay
plant in the province of Bataan generates electricity in two ways: A
combination of bunker and diesel fuel is primarily used to power its
gas turbines. To improve fuel efficiency, the plant utilizes the
heat of exhaust gas from the gas turbines to boil water inside the
boiler, which produces steam that will drive the steam turbines.
Commissioned in 1993, the Limay combined-cycle
power plant comprises two 310-megawatt modules, Blocks A and B,
which consist three 70-megawatt gas turbines and a 120-megawatt
steam turbine, respectively.
The Limay facility, designed to meet the
base-load demand of the Luzon grid, is approximately 145 kilometers
west of Manila.
PSALM said that interested parties are required
to submit a letter of interest, execute a confidentiality agreement
and undertaking, and pay the asset management firm a nonrefundable
participation fee of $2,000. The deadline for submission of all
these requirements is on May 30.
The due diligence period for the plant will be
from May 21 to July 28. A pre-bid conference for qualified
participants has been scheduled for June 4.
Jose Ibazeta said earlier that PSALM would only
need to sell two of National Power Corp.’s large plants to fulfill
one of the preconditions for implementing open access and retail
competition in the Philippine electricity industry.
-- Euan Paulo C. Añonuevo
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