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Shell, Phoenix Petroleum win supply contracts for PSALM plants
Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines Inc. won the oil-based fuel supply contracts for two power plants of state-owned Power Sector Assets and Liabilities Management Corporation (PSALM) for 2018.
In a statement on Friday, PSALM said it issued the notices of award to Shell and Phoenix as winning bidders for the procurement of supply and delivery of oil-based fuel for Ilijan Natural Gas Power Plant (INGPP) and Malaya Thermal Power Plant (MTPP).
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For the supply of industrial fuel oil for MTPP, Phoenix emerged as the lowest bidder at P1,138,767,000.00, according to PSALM.
“Phoenix also submitted the lowest bid for the supply and delivery of diesel oil for MTPP, calculated at P47,701,220.00,” it said.
Other bidders that competed for PSALM’s three procurement contracts were Petron Corp., Petrotrade Philippines, Inc., Seaoil Philippines Inc., and SL Harbor Bulk Terminal Corp. —Ted Cordero/VDS, GMA News