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Five firms keen to negotiate sale of P1.85B Malaya plant


March 8, 2021 | 12:07 am
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FOUR Filipino companies and a Chinese construction firm have expressed interest in 650-megawatt Malaya thermal power plant through a negotiated sale, the state agency tasked to sell the asset said about a month after reducing its floor price prompted by several failed bids.
Over the weekend, the Power Sector Assets and Liabilities Management Corp. (PSALM) said it had received letters of interest (LoI) from companies that wanted to take part in the negotiated sale of the plant and its underlying land in Pilila, Rizal.
State-led PSALM identified the companies as Sta. Clara International Corp., VBB Trucking Trading and Consultancy Services, Inc., Fort Pilar Energy, Inc., AC Energy Philippines, Inc., and foreign firm China Gezhouba Group Co., Ltd. ....

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