14 firms vying for Casecnan hydropower plant

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At least 14 firms have expressed interest for the 165-megawatt Casecnan hydropower facility, which is scheduled for bidding in March next year.

The interested parties which submitted letters of interest to asset-seller Power Sector Assets and Liabilities Management Corporation include: Fresh River Lakes Corporation; Neptune Hydro Inc.; Sta Clara International Corporation; GigaAce 11 Inc.; Pan Pacific Renewable Power Phils Corp and Semirara Mining & Power Corporation.

“One of the main concerns raised by the bidders is access to the site, they want more time to have access to the site; and also access to documents,” the PSALM chief executive noted. After the submission and opening of bids in March, a seven-day post qualification process shall be carried out on the offer of highest ranking bidder – and that shall be concluded by April 4, 2023.

 

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