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PSALM to rebid Leyte power plants’ output

Power Sector Assets and Liabilities Management Corp.  said Wednesday it will rebid the contract to manage the output of the Unified Leyte geothermal power plants, which were damaged by typhoon Yolanda in November last year.

PSALM president Emmanuel Ledesma Jr. said the board accepted the withdrawal by Unified Leyte Geothermal Energy Inc., the winning bidder of the power supply management contract, and decided to conduct another auction in September 2015.

ULGEI, a unit of Energy Development Corp., submitted a bid of P215 million to administer and manage Unified Leyte power plants’ bulk energy contract in November last year, before typhoon Yolanda hit the central parts of the country.

“The board approved the withdrawal of ULGEI as the winning bidder of the bulk. We have a pending OGCC opinion regarding the forfeiture of the bid bond,” Ledesma said.

ULGEI announced last year it could not accept the government’s award as the highest bidder of the power contracts under the same conditions when it was privatized because the plants were damaged by typhoon Yolanda.

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