Four groups bid for Philippine power barges

Four groups are eyeing to acquire the four diesel-fired power barges being auctioned in the Philippines.

state-run Power Sector Assets and Liabilities Management Corp. whois doing the auction
said these groups have already completed the initial requirements that the government had set for the privatization of Power Barges 101, 102, 103 and 104, which can generate 32 megawatts each.

PSALM, however, declined to identify the four prospective investor groups, three of which had previously participated in the government’s bidding activities.

According to PSALM, it will still be offering these facilities on Aug. 15 this year in three packages with package 1 combining PB 101 and 102, both of which are currently stationed at Barrio Obrero in Iloilo City; package 2 will cover PB 103, which is moored in Botongon, Estancia, Iloilo; and package 3 for PB 104, currently located at the Holcim Compound, Ilang, Davao City.

The bidding rules require bidders to submit offers for all these three packages.

PSALM added that the transfer of the Visayas-based power barges in Mindanao is still among the conditions for the sale of these diesel facilities. This was despite the sentiments put forward by interested companies about the potential difficulties that they may encounter should they transfer the barges to Mindanao.

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