Four groups interested in Malaya power plant


Power Sector Assets and Liabilities Management Corp. said Thursday it is optimistic of selling the 650-megawatt Malaya Thermal Power Plant and its underlying land in Pililla, Rizal after four companies attended the pre-negotiation conference.

PSALM said Sta. Clara International Corp., VBB Trucking Trading and Consultancy Services Inc., Fort Pilar Energy Inc. and AC Energy Philippines Inc. participated in the pre-negotiation conference on March 9 as part of the third round of negotiated sale process for the Malaya power assets.

The pre-negotiation conference provided the interested parties an opportunity to clarify any issues they may have on the provisions of the negotiated sale.

“We welcome the inputs and comments from the interested parties on the terms of the negotiated sale process. Their active participation in the pre-negotiation conference makes us very optimistic that they will participate in the Offer Submission Deadline this coming April,” said PSALM president and chief executive Irene Besido-Garcia in a statement.

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