THE bidding for the selection and appointment of the independent power producer administrators (IPPAs) for the bulk energy contract of the Unified Leyte Geothermal Power Plants (ULGPP Bulk) has failed.
According to Ernesto Pantangco, executive vice president of Lopez-led Energy Development Corporation (EDC), only one firm submitted a bid for the ULGPP Bulk, namely Unified Leyte Geothermal Energy Inc. (ULGEI), a subsidiary of EDC.
He said Trans-Asia Oil and Energy Development Corp. did not bid.
This prompted the Power Sector Assets and Liabilities Management Corp. (PSALM) to declare the bidding a failure.
“Yes, failed bidding for Unified Leyte Bulk IPPA. Only ULGEI, a subsidiary of EDC, submitted a bid,” he said.
Because of this, Pantangco said they manifested their willingness to negotiate.
PSALM, which is tasked to privatize assets of the National Power Corp. (NPC), is set to decide on the matter.
Among those that had earlier expressed interest in the ULGPP bulk energy contract were SPC Power Corp., Therma Central Visayas Inc., Trans-Asia Oil, EDC and ULGEI.
The ULGPP is composed of the 125-megawatt (MW) Upper Mahiao, 232.5-MW Malitbog and 180-MW Mahanagdong power plants, and the 51-MW optimization plants.
The ULGPP is covered by power purchase agreements (PPAs) between the National Power Corp. and EDC.
In 2013, PSALM bid out 200 MW of ULGPP’s capacity, called strips of energy.
The latest bidding is for bulk energy, an arrangement in which its IPPAs will have the right to trade the plant’s output at the Wholesale Electricity Spot Market (WESM).