Photo Releases

PSALM successfully bids out its asset in Limay, Bataan

The Power Sector Assets and Liabilities Management Corporation (PSALM) declared on 09 November 2021 a successful public bidding for its Limay Asset. The highest bid price received by PSALM was from Panasia Energy Inc. (Panasia) amounting to PHP1,023,159,332.00. The Limay Asset, located in Brgys. Luz and Kitang II in Limay, Bataan, covers an estimated area of 139,054 square meters, more or less, divided into fourteen (14) lots.

Featured in the photos are members of PSALM Technical Working Group for the Privatization of the Limay Asset, evaluating the bid documents submitted by bidders, as well as the different stages leading to the announcement of the winning bidder by PSALM President and CEO, Atty. Irene-Besido Garcia, and members of the PSALM Bids and Awards Committee.