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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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