9 months Malaya plant bidding failed Malaya plant bidding failed
By Myrna M. Velasco With only one party submitting a bid, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) yesterday declared a failed bidding of the 650-megawatt Malaya thermal power plant in Rizal province. Based on the auction outcome provided to the media, the only party that submitted a bid was AC Energy, Inc. of the Ayala group; while other qualified bidders FGEN Reliable Energy Holdings, Inc. of the Lopez group and DMCI Power Corp. of the Consunji group did not show up. Another expected bidder D.M. Wenceslao & Associates, Inc. had sent its “regrets” to the government’s asset-seller ... more