Year: 2017

Privatization for Sucat TPP garners six bidders

Following the publication by PSALM Corporation of the Invitation to Bid (ITB) in three major newspapers for the packaged sale of the structures, plant equipment, auxiliaries and accessories comprising the decommissioned 850 MW Sucat Thermal Power Plant (STPP), the privatization of the asset has garnered six bidders who attended PSALM Corporation’s Pre-Bid Conference held today (20 March 2017) in Quezon City. This conference was held to clarify provisions on the sale of STPP and is expected to help the bidders arrive at an optimal business decision, among other concerns. ...