THE number of companies interested to bid for the 200-megawatt (MW) Mindanao Coal-Fired Thermal Power Plant (Mindanao Coal) has significantly decreased after the firms decided to form joint ventures for the same project.
From the original 12 firms, only six have signified to join the bidding process, Power Sector Assets and Liabilities Management Corp. (PSALM) President Lourdes Alzona said on Friday.
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