Consunji firm not keen on joining bidding for Malaya power plant 0 SHARES Share it! Share TweetBy Myrna M. VelascoThe DMCI Power Corporation of the Consunji group is anticipated to drop out from the list of bidders for the 650-megawatt Malaya thermal plant that the government will be divesting next year. The company is among the prequalified bidders in the roll of asset-seller Power Sector Assets and Liabilities Management Corporation (PSALM), a government-run firm privatizing the assets of the National Power Corporation. But a top executive of the Consunji group hinted to media that they are not likely advancing their interest up to the scheduled auction of the power plant by first half next year. The Malaya plant is being sold “as is, where is” – which is a retraction from the original plan of the government to require the winning bidder to have it converted into a gas plant upon privatization.

Source: Manila Bulletin December 21, 2018 13:52 UTC