Published January 2, 2021, 6:00 AM
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is disposing another real estate asset by March 25 next year – and this time, it is a bigger-scale property in Barangay Lagundi in Mexico, Pampanga spanning 50,447 square meters.
The company issued invitation to bid (ITB) for its second round bidding on December 29, 2020; and interested buyers may start their due diligence process on January 4, 2021; while the pre-bid conference where they can raise questions and concerns on the asset’s divestment is scheduled on February 10.
PSALM apprised prospective takers that “the minimum bid price for the sale of the property will be announced at a later date and will be issued to interested parties/bidders through a supplemental bid bulletin or through re-publication of the ITB.”
Published December 18, 2020, 1:03 PM
A multi-sectoral technical working group (TWG) has been created to deliberate and sort out issues and concerns on the planned privatization of the 728-megawatt Agus-Pulangui hydropower assets in Mindanao.
In a Department Order issued by Energy Secretary Alfonso G. Cusi this month, it was stated that the members of the Agus-Pulangui Hydropower Complex (APHC)-TWG shall comprise of representatives from the Department of Energy, Energy Regulatory Commission, Mindanao Development Authority (MinDA), Power Sector Assets and Liabilities Management Corporation, National Power Corporation and National Transmission Corporation.
Designated as chair of the technical working group is Energy Assistant Secretary Redentor E. Delola; and the rest will comprise the memberships of the TWG.