3 companies prequalify to bid for decomissioned Sucat Thermal Power Plant

Three companies have prequalified to bid for the 850-megawatt (MW) Sucat Thermal Power Plant (STPP) in Muntinlupa City, the Power Sector Assets and Liabilities Management Corp. (PSALM) said Monday.

"Out of the six bidders that initially expressed interest to bid and subsequently submitted documentary deliverables stipulated under the bidding procedures, only three companies were found to be fully compliant," it said in an emailed statement.

The three companies are Riverbend Consolidated Mining Corp., VPD Trading and G.G. Uy Bonapor Metal Contractor Company.

"These qualified bidders will be allowed to participate further in the bidding process and are expected to submit their bids for the Sucat plant on Wednesday, 31 May 2017 on 'as is, where is' basis," PSALM said.

The sale covers structures, plant equipment, auxiliaries and accessories of the decommissioned power plant. The power plant was put up for sale twice – in 2014 and 2016 – but both auctions were deemed failed biddings.

The plant consists of Unit 1 with a rated capacity of 150 MW, Units 2 and 3 with 200 MW each and Unit 4 with 300 MW.

The three companies that failed to prequalify were United Metro Steel Philippines Corp., Azans Recycling Solutions Inc. and Aluminum Recycling Specialist Inc. — Jon Viktor Cabuenas VDS, GMA News