Bac-Man Geothermal Inc. Executive Vice President Ernesto B. Pantangco confirms the Lopez subsidiary’s bid for the 150-megawatt BacMan geothermal power plants before members of the PSALM Board. From right: Assistant Chief State Counsel Ruben F. Fondevilla (Department of Justice), PSALM acting President and Chief Executive Officer Ma. Luz L. Caminero, Acting Energy Secretary Jose C. Ibazeta, Director Raul V. Angeles (Industry Development Group, Board of Investments-Department of Trade and Industry, and Assistant Director General Ruben S. Reinoso, Jr. (National Economic and Development Authority). The confirmation of the bid was witnessed by Commission on Audit representative Elvira V. Vinzon. Bac-Man Geothermal’s USD28.25-million offer for the Bicol-based power facilities was declared the highest bid.