Privatization
Privatization Assets: Decommissioned Plants Sold

PSALM has successfully transferred its five (5) decommissioned plants to winning bidders.

Privatized Decommissioned Plants

Decommissioned Plants
Power Plant Contracted Capacity (in MW) Location Privatization / Turnover Date IPP Administrator Winning Bid Price
Manila Thermal Power Plant -- Manila 25-Apr-08 / 20-Feb-09 Gagasan Steel Inc. USD2,506,000
Cebu Diesel II -- Cebu 22-Jan-09 / 25-May-09 Taifu Metal USD460,000
Aplaya-Gensan -- Misamis Oriental & General Santos 25-May-09 / 02-Oct-09 TEC Industries Inc. USD1,488,000
Sucat Thermal Power Plant -- Muntinlupa, Metro Manila 31-May-17 / 02-Aug-17 Riverbend Consolidated Mining Corporation PhP305,200,000