THE Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing new terms for the bidding of the 650-megawatt (MW) Malaya thermal power plant, giving rise to the possibility that the facility will attract other interested bidders.
“[The bidding] is deferred until further notice,” said PSALM officer-in-charge Lourdes S. Alzona in a phone interview after the agency withdrew the schedule to bid out the project on Thursday, March 30.
She said the agency has yet to finalize a new schedule for the bidding while it was evaluating options for the power plant. The deferral came after the Department of Energy (DoE) set a new condition to privatize the asset: its conversion into a liquefied natural gas (LNG) plant.
Energy Secretary Alfonso G. Cusi said last month that Malaya’s output must support the need for standby capacity, thus the decision to set the condition.
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