PSALM proceeds with Casecnan privatizationMANILA, Philippines — State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has commenced with the privatization of the Casecnan hydroelectric power plant in Nueva Ecija. PSALM published yesterday an invitation to interested parties to bid for the privatization of the 165-megawatt (MW) Casecnan hydroelectric power plant. Interested parties are directed to first submit a letter of interest to PSALM’s privatization bids and awards committee not later than Nov. 18. PSALM said only interested parties that submit a letter of interest would be allowed to participate in the privatization activities. It was placed under the co-ownership of PSALM and NIA, which represent the government’s interest at 60 percent and 40 percent, respectively.
