Third party auctioneer tapped for NPC plants
Saturday, March 11, 2006
At least three firms are offering their services to the Power Sector Assets and Liabilities Management Corporation (PSALM) to become the third party auctioneer (TPA) for the decommissioned or retired power plants of the National Power Corporation.
These companies, according to PSALM vice president for asset management and electricity trading Froilan A.Tampinco, already submitted their respective proposals even as the terms of reference for the sale of the idled assets is still being finalized.
Pending planned bidding for TPAs, Tampinco noted that he is constrained from divulging yet the identities of these interested parties. "The engagement of a third party auctioneer would be done through public bidding," he just said.
Acknowledging that even the divestment of the retired plants have been preoccupying much of PSALM’s time, Tampinco noted the company deemed that it would be a more prudent move to tap third party auctioneers to undertake the assets’ disposal.
"PSALM decided to hire the services of a third party auctioneer as an alternative strategy in the auction of these decommissioned facilities," he said, noting that this has already secured the approval of the PSALM board. (MMV)
Given such approach, PSALM is hoping that these "professional auctioneers who have a broad network of clients both here and abroad can tap more players for the bidding exercises for NPC’s decommissioned plants."
As could be gleaned from the proposed terms of reference, the main function of the third party auctioneer shall be to provide a comprehensive asset disposal service to PSALM, and this shall cover formulating an appropriate sale strategy and methodology for the identified assets.
The range of services they shall offer to PSALM would also include the administration of inventory and preparation of the assets, strategic conduct of the auction, and the removal of the assets from their respective sites.
At least five retired NPC plants have been listed for immediate divestment; including the 225- megawatt (MW) Bataan (bunker), the 54-MW Cebu II (diesel), the 200-MW Manila (bunker), the 22.3MW General Santos (diesel), and the 108-MW Aplaya (diesel) power plants. (MMV
posted by philpower @ 11:12 AM,
