Korean Firm Loner Bidder for Malaya Thermal Power Plant

Korean firm Soosan ENS is the lone bidder to operate and maintain the 650-megawatt Malaya Thermal Power Plant in Rizal until its privatization, the Power Sector Assets and Liabilities Management Corporation said.

PSALM held a virtual bid opening for the one-year operation and maintenance service contract of the Malaya plant on July 27.

Soosan ENS emerged as a lone bidder with a bid of 222.55 million pesos for the one-year service contract. The bid is below the approved budget of 224.8 million pesos.

PSALM said the bid submitted is still subject to the detailed bid evaluation and post-qualification activities, adding, “Should Soosan ENS pass the said activities, the bid will be presented to the PSALM board of directors for the approval of the issuance of the notice of award.”

Part of the responsibilities under the service contract includes the day-to-day upkeep, management and maintenance or repair of the power plant and its equipment.

Source: https://www.philstar.com/business/2020/07/29/2031273/korean-firm-lone-bidder-malaya-plant

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