Power Sector Assets and Liabilities Management Corp. republished its earlier invitation to bid for the sale of the Manila Thermal Power Plant land, setting the minimum bid price for the property at P885,746,650
PSALM clarified that the notice did not refer to a new project, but merely informed the interested bidders about the land’s minimum price.
It said it planned to invite more bidders to participate in the auction. The first notice, published on December 5 to 7, 2017, did not disclose the minimum bid price that not set at that time.
PSALM said any offer below the minimum price would be automatically rejected during bid opening. It informed interested parties that it would sell the property on an “as is, where is” basis.
Bidding is open to individuals and sole proprietorships, partnerships or corporation, joint ventures or consortiums, government corporate entities and local government units.