7 firms bid for Casecnan hydro plantMANILA, Philippines — Seven firms, including SN Aboitiz Power and a unit of First Gen Corp., expressed interest in operating and maintaining the power component of the Casecnan Multi-Purpose Project (CMPP), state-run firm Power Sector Assets and Liabilities Management Corp. (PSALM) said yesterday. PSALM, through the National Power Corp., only owns 60 percent of the CMPP, while the remaining 40 percent is under the National Irrigation Administration. The CHPP is a combined irrigation and power generation project located at Sitio Pauan, Brgy. The two run-off weirs and intake structures of CHPP constructed along the Casecnan and Taan Rivers are in Peleway, Municipality of Alfonso Castañeda, Nueva Vizcaya. As of end-June, PSALM’s debts reached P367.9 billion compared to P381.91 billion at the start of the year.

Source: Philippine Star September 27, 2021 16:30 UTC