State-run Power Sector Assets and Liabilities Management Corp. (PSALM) said it targets to privatize the Limay combined cycle power plant in Bataan before the end of the month.
Commissioned in 1993, the Limay power plant comprises two 310-megawatt modules—Blocks A and B—which consist of three 70-megawatt gas turbines and a 100-megawatt steam turbine, respectively.
Under the Electric Power Industry Reform Act of 2001, PSALM is mandated to privatize the Limay facility under the program that aims to dispose at least 70 percent of state-run National Power Corp.’s assets, before retail competition in the power generation sector can set in.
PSALM is currently conducting a negotiated bidding for the plant with the two unnamed investors after its two previous auctions failed.
Prior to the negotiated sale, the Limay plant underwent unsuccessful biddings in April and September 2008. On both occasions, only one bidder submitted documentary deliverables to PSALM.
It would be recalled that the Aboitiz Group, a local conglomerate based in Cebu, and San Miguel Corp. (SMC), the country’s largest food and beverage company, earlier signified interest in the plant.
But Alan Ortiz, SMC’s utilities consultant, said that the company would not pursue the Limay plant anymore because converting the facility to run on diesel would be too expensive.
“When we looked at the rates to convert it, it turned out to be expensive,” he said. –Euan Paulo C. Añonuevo, Manila Times
It’s women’s month!
“Support women every day of the year!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour
