Bids pour in for Unified Leyte geothermal power complex output

Ten companies have expressed interest in taking over bulk energy output of the Unified Leyte geothermal power plants located in Tongonan, Philippines.

The geothermal complex includes the the 125 megawatt (MW) Upper Mahiao, 232 MW Malitbog and 180 MW Mahanagdong plants, as well as the 51 MW Optimization plants, InterAksyon reported. The renewable energy compound is owned by the state-run Power Sector Assets and Liabilities Management Corp. (Psalm).

The source said the companies that expressed interest in the project are: Aboitiz Renewables Inc, FDC Utilities Inc, DMCI Power Corp, Global Business Power Corp, Marubeni Corp, Philippine Associated Smelting and Refining Corp, PowerOne Ventures Energy Inc, Trans-Asia Oil and Energy Development Corp, Unified Leyte Geothermal Energy Inc and Vivant Energy Corp.

Psalm also said 21 total companies expressed interest in independent power producer administrator (IPPA) contracts that would cover "strips of energy" from the complex ranging between 1 MW to 40 MW. Bids for the IPPA will be opened on October 29.

"This remarkable turnout of bidders, which notably includes the biggest players in the industry, indicates not only the private sector's support for the government's privatization initiatives, but also the private sector's recognition of the reforms being undertaken by Psalm to ensure that the biddings are conducted in the most professional and transparent manner, consistent with the Aquino administration's 'daang matuwid' policy," said agency president Emmanuel Ledesma.

Visit PennEnergy's research area for in-depth industry reports on energy in the Philippines

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs