Fort Pilar Energy beats AC Energy for Malaya plant
Fort Pilar Energy beats AC Energy for Malaya plant on May 7, 2021 at 5:59 pm Fort Pilar Energy Corporation outbid Ayala-led AC Energy for the ownership of the 650-megawatt (MW) Malaya Thermal Power Plant (MTPP) in Pililla, Rizal. Government-run Power Sector Assets and Liabilities Management Corporation (PSALM) declared Fort Pilar Energy as the winning negotiating party, as it submitted the higher bid amounting to Php3.12 billion. On the other hand, AC Energy’s bid was worth Php2.22 billion. Both bids were above the Minimum Offer Price of Php1,845,222,000. “After several attempts to priva...
Source: powerphilippines.com