MANILA -- The Department of Energy (DOE) will likely bid out the 210-megawatt (MW) capacity Mindanao coal power plant after the summer season.
“Yes, maybe, since there’s still problems during the summer,” DOE undersecretary Zenaida Monsada told reporters when asked whether DOE will bid out the capacity after the summer.
The Mindanao coal fired power plant is owned and operated by STEAG State Power Inc. (SPI), but the National Power Corp. (NAPOCOR) owned the capacity. With the privatization mandate of the Electric Power Industry Reform Act (EPIRA) for the Power Sector Assets and Liabilities Management Corp (PSALM), it was tasked to sell off the former assets of the NAPOCOR.
The DOE earlier said it has to delay the auction -- to ensure rates will be stable -- until more capacity comes in Mindanao as power supply is still slim.
The island has been suffering from shortages due to the lack of water capacity of the dams since the summer of 2015.
Two more power plants are expected to start commercial operations from 2015 to 2016, aside from Therma South Inc., a subsidiary of Aboitiz Power Corp. that started the commercial operations of its first 150 megawatt (MW) unit last month.
PSALM president and chief executive officer Lourdes Alzona also bared earlier that the initial 12 bidders has dropped to six, as some entered into joint ventures while some had not paid the bid documents.
She, however, had not bared which companies continued with the bidding process.
But, the initial 12 bidders for the power plant’s capacity are: Conal Holdings Corporation, FDC Davao Del Norte Power Corporation, FirstGen Northern Power Corporation, GDF Suez Energy Philippines Inc., Masinloc Power Partners Co. Ltd., Meralco Powergen Corporation, Nexif Pte Ltd. , SMC Global Power Holdings Corporation, SPC Power Corporation, Team (Philippines) Energy Corporation, Therma Southern Mindanao Inc. and Vivant Energy Corporation.
SPI is led by German-firm STEAG at 51 percent, while the other owners are Aboitiz Power Corp. at 34 percent and La Philippina Uygongco Corporation at 15 percent. (PNA)
Araneta Center is taking part in the worldwide initiative of switching lights off during Earth Hour from 8:30 p.m. to 9:30 p.m. on March 24, Saturday. Araneta Center is taking part in the worldwide initiative of switching lights off during Earth Hour from 8:30 p.m. to 9:30 p.m. on March 24,...