THE Power Sector Assets Liabilities Management Corporation (Psalm) on Monday expressed confidence that it would finally dispose the Power Barge (PB) 118.
Psalm, in a statement, said the two prospective bidders “seem bent on acquiring the 100-megawatt (MW) bunker-fired diesel generating power station.”
Both parties also suggested ways of making the sale financially and mutually beneficial to the government and the winning bidder in the long term.
The sale will include the equipment, structures, auxiliaries, and accessories of PB 118.
Psalm asked the two prospective bidders to put their recommendations and other comments in writing, which should be submitted by Tuesday.
The bidding for the PB 118 will be held on May 28, 2009.
Psalm first auctioned the PB 118 last Feb. 25, 2009, but it was declared a failure because only one bidder submitted the documentary deliverables.
Situated in Barangay San Roque, Maco, Compostela Valley, PB 118 was commissioned in August 1994 to augment the power supply in Mindanao whose electricity demand is projected to grow at an annual rate of 13.5 percent.
The power barge, which is about 80 kilometers from Davao City, is 95 meters long, 40 meters wide, and 45 meters high and houses the foundations for the diesel engines, alternators, auxiliary equipment, and fuel tanks.
It is situated approximately 90 meters from the shore.
PB 118 consists of two identical generating units, each rated at 50 MW.
The mooring site has a receiving tower used in the transmission of power via the 138-kilovolt tie lines. philippine News Agency