PSALM declares South Korean firm sole bidder for Malaya O&M contract

POWER SECTOR Assets and Liabilities Management Corp. (PSALM) said it declared Soosan ENS Co., Ltd. the lone bidder for Malaya thermal power plant’s operation and maintenance service contract.

“Last week there was a bidding, and there was a winning bidder, but of course it’s subject to post qualification requirements,” Irene Joy B. Garcia, PSALM president and chief executive, told reporters on the sidelines of a Senate energy meeting.

The South Korean company bid for the one-year service contract for the 650-megawatt (MW) power plant with an offer of P208.74 million.

PSALM said in a statement that the bid is within the approved budget amounting to P213 million.

The agency, which handles the privatization of the government’s energy assets, said based on the Implementing Rules and Regulations of Republic Act 9184, also known as Government Procurement Reform Act, Soosan ENS needs to undergo post-qualification evaluation before the contract can be awarded.

“We’re doing the post-qualification now,” Ms. Garcia said.

PSALM is managing the Malaya thermal power plant through an operations and maintenance service contract.

The plant, which is located in Pililla, Rizal, is a must-run facility. A must-run plant is compelled to run and provide the needed power as deemed necessary to ensure reliability of supply in the Luzon grid, especially in times of power shortfall, system security and voltage support.