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Friday, March 29, 2024

Korean firm submits lowest bid for Casecnan

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State-run Power Sector Assets and Liabilities Management Corp. declared Soosan ENS Co. Ltd. of Korea as the lowest bidder for the procurement of the operation and maintenance service contract of Casecnan Hydroelectric Power Plant.

Soosan ENS submitted the lowest bid at P252,996,800,below the P462-million budget that the PSALM board approved for the operation and maintenance contract of CHPP.

The evaluation of bids was held on Oct. 12 for the OMSC of the CHPP, a 165-megawatt combined irrigation and power generation facility in Sitio Pauan, Barangay Villarica, Pantabangan, Nueva Ecija.

“We are optimistic that with the successful public bidding for the Casecnan plant’s operation and maintenance contract, PSALM can now proceed to prepare for the ultimate plan of privatizing the Casecnan plant consistent with the clear mandate in the Electric Power Industry Reform Act,” PSALM president and chief executive Irene Besido-Garcia said.

The next stage is for PSALM to subject the bid of Soosan ENS to the post-qualification process, pursuant to Republic Act No. 9184. 

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