Seven investor groups will bid for a project that seeks to increase the power generating capacity of Units 1 and 2 of the Agus 6 hydroelectric power plant, the Power Sector Assets and Liabilities Management (PSALM) Corp. said.
7 Firms purchased the bidding document for submission September 30 the following:
Alstom Philippines,
China International Water and Electric Corp.,
HydroChina ZhongNan-HEC-BSPJV,
Kaltimex Energy Philippines Inc.,
PHP Philippine Hydro Project Inc.,
Vicente T. Lao Construction, and
Zhejiang Fuchunjiang Hydropower Equipment Co. Ltd.
The 7 firms have purchased the required bidding documents and are currently conducting their due diligence on the project.
"We are happy with the turnout, and we hope everyone submits a bid. Other interested parties may still join this procurement project even until bidding day, as long as they purchase the bidding documents and submit the documentary requirements," PSALM President and Chief Executive Officer Emmanuel R. Ledesma Jr. said in a statement.
In a supplemental bid bulletin, PSALM through its Bids and Awards Committee announced that the deadline for the submission of bids has been extended to September 30.
The project intends to increase the power output of Units 1 and 2 of the Agus 6 power plant from 25 megawatts (MW) to 34.5 MW each. It also aims to extend their economic life to another 30 years.
Specifically, the project will include the investigation, design, engineering, manufacturing, installation, testing and commissioning of the new hydropower turbines and blades of the two Agus 6 power units, as well as replacement of electrical equipment, materials and devices necessary for the safe and reliable operation of the power facilities. Upon award, the project is expected to be completed within 900 calendar days.
The 200-MW Agus 6 power plant is a run-of-river hydro plant located downstream of the famed Maria Cristina falls in Fuentes, Iligan City. The plant consists of Units 1 and 2 with rated capacities of 25 MW each, and Units 3, 4 and 5 at 50 MW each.
With report from Business Mirror
