PSALM qualifies three bidders for Sucat power plant sale

29 May 2017

Three interested bidders passed the prequalification process undertaken by the Power Sector Assets and Liabilities Management (PSALM) Corporation for the sale of the structures, plant equipment, auxiliaries and accessories of the decommissioned 850-megawatt Sucat Thermal Power Plant in Muntinlupa City.

These qualified bidders will be allowed to participate further in the bidding process and are expected to submit their bids for the Sucat plant on Wednesday, 31 May 2017 on an “as is, where is” basis. The sale also includes the obligation to clean-up and remediate the site which means that the buyer shall return the present site to ground zero (road level) free and clear of wastes, toxic substances, debris and structures.

Out of the six bidders who initially expressed interest to bid and subsequently submitted documentary deliverables stipulated under the bidding procedures, only three companies were found to be fully compliant. These companies are the Riverbend Consolidated Mining Corporation, VPD Trading and G.G. Uy Bonapor Metal Contractor Company.

The Sucat plant was operational for 33 years before Units 1 and 4 were decommissioned in January 2000, and Units 2 and 3 were shut down in January 2002.

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