SORSOGON UNITED

When we unite, We make our life better

Lopez firm wins bid for BacMan at $28.25M

Written by Paul Anthony A. Isla / Reporter

Business Mirror
Friday, 07 May 2010 10:05

GOVERNMENT-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) declared on Wednesday the Lopez-led Bacon-Manito (BacMan) Geothermal Inc. as the highest bidder for the 150-megawatt (MW) Bacon-Manito (BacMan) geothermal power plant package.

In a statement, PSALM said Bac-Man Geothermal’s offer of $28.25 million for the Bicol-based geothermal plants bested the $17.8-million bid of Aboitiz-led Therma Power Inc.

PSALM said both bids exceeded the reserve price set by the PSALM board for the BacMan facilities.

PSALM said the Lopez group is among the most active participants in the government’s power-privatization program, having successfully acquired five plant portfolios, including the 1.6-MW Agusan and the 112-MW Pantabangan-Masiway hydropower plants, and the 305-MW Palinpinon-Tongonan geothermal power plant package.

Adhering to its bidding policy, PSALM will formally declare BacMan Geothermal as the winning bidder for the BacMan plants as soon as it has verified the accuracy, authenticity and completeness of the bidding documents that the company has submitted.

With the successful sale of the BacMan plants, PSALM’s privatization level has reached the 91.73 percent mark for all its generation assets in the Luzon and Visayas grids.

PSALM said it expects to complete the privatization of these assets this year.  Located in the provinces of Albay and Sorsogon, the BacMan plant package consists of two steam plant complexes.

The BacMan I geothermal facility is composed of two 55-MW turbines, which were both commissioned in 1993.

BacMan II, on the other hand, consists of two 20-MW units, namely, the Cawayan located in barangay Basud and the Botong in Osiao, Sorsogon City.

The Cawayan unit was commissioned in 1994 and the Botong unit in 1998.

The Energy Development Corp., also a Lopez-led company, supplies the steam that fuels the BacMan geothermal power plants.

Written by Paul Anthony A. Isla / Reporter
Friday, 07 May 2010 10:05

GOVERNMENT-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) declared on Wednesday the Lopez-led Bacon-Manito (BacMan) Geothermal Inc. as the highest bidder for the 150-megawatt (MW) Bacon-Manito (BacMan) geothermal power plant package.

In a statement, PSALM said Bac-Man Geothermal’s offer of $28.25 million for the Bicol-based geothermal plants bested the $17.8-million bid of Aboitiz-led Therma Power Inc.

PSALM said both bids exceeded the reserve price set by the PSALM board for the BacMan facilities.

PSALM said the Lopez group is among the most active participants in the government’s power-privatization program, having successfully acquired five plant portfolios, including the 1.6-MW Agusan and the 112-MW Pantabangan-Masiway hydropower plants, and the 305-MW Palinpinon-Tongonan geothermal power plant package.

Adhering to its bidding policy, PSALM will formally declare BacMan Geothermal as the winning bidder for the BacMan plants as soon as it has verified the accuracy, authenticity and completeness of the bidding documents that the company has submitted.

With the successful sale of the BacMan plants, PSALM’s privatization level has reached the 91.73 percent mark for all its generation assets in the Luzon and Visayas grids.

PSALM said it expects to complete the privatization of these assets this year.  Located in the provinces of Albay and Sorsogon, the BacMan plant package consists of two steam plant complexes.

The BacMan I geothermal facility is composed of two 55-MW turbines, which were both commissioned in 1993.

BacMan II, on the other hand, consists of two 20-MW units, namely, the Cawayan located in barangay Basud and the Botong in Osiao, Sorsogon City.

The Cawayan unit was commissioned in 1994 and the Botong unit in 1998.

The Energy Development Corp., also a Lopez-led company, supplies the steam that fuels the BacMan geothermal power plants.

Advertisements

Filed under: Sorsogon News Updates

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 920 other followers

SHARE THIS BLOG!

Bookmark and Share

RSS DAILY INSPIRATIONAL QOUTES

  • Inspirational Thoughts and More
    If you are looking for inspiration or you have some to share, you will find something on the Inspirational Thoughts and More page to meet your needs.

RSS OUR DAILY BREAD

  • From Empty to Full
    A popular children’s book tells the story of a poor, country boy who took off his cap to honor the king. An identical hat appeared instantly in its place on his head, inciting the king’s anger for what appeared to be disrespect. Bartholomew removed hat after hat while being escorted to the palace for punishment. Each time, a new one appeared in its place. Th […]

RSS Daily Verse

  • Matthew 28:18-20
    And Jesus came and said to them, "All authority in heaven and on earth has been given to me. Go therefore and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, teaching them to observe all that I have commanded you. And behold, I am with you always, to the end of the age."

Archives

Categories

UPCOMING EVENTS

RSS THIS DAY IN HISTORY

  • September 25, 1957: Central High School integrated
    Under escort from the U.S. Army’s 101st Airborne Division, nine black students enter all-white Central High School in Little Rock, Arkansas. Three weeks earlier, Arkansas Governor Orval Faubus had surrounded the school with National Guard troops to prevent its federal court-ordered racial integration. After a tense standoff, President Dwight D. Eisenhower fe […]

RSS PIA-SORSOGON

  • Bicol Tourism Summit promises brighter prospects for the region December 9, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Dec. 9 (PIA) --- “This summit will certainly shed new light on the potential and new tourism products and services, as well as guide stakeholders from the government and private sector for a sustainable and responsible tourism development.”Thus stated Naga City Mayor John Bongat on the brighter prospects that await every B […]
    Philippine Information Agency Regional Office V
  • Bicolanos elated over Pres. Duterte’s visit in Albay December 9, 2016
    LEGAZPI CITY, Dec 9 (PIA) – Bicolanos expressed their elation and eagerness over President Rodrigo Roa Duterte’s visit in the province of Albay to lead groundbreaking of the Bicol International Airport (BIA) in barangay Alobo, Daraga Albay and to grace the 7th year anniversary of the Federalismo Alyansa ng Bicol (FAB) at the Legazpi City Convention Center.Th […]
    Philippine Information Agency Regional Office V
  • Children’s month celebration in Bicol highlights valuable role of children in society December 1, 2016
    LEGAZPI CITY, Dec 1 (PIA) – The Regional Council for the Welfare of Children and the Department of Social Welfare and Development (DSWD) Bicol led this year’s children’s month celebration in the region themed ““Isulong, Kalidad na Edukasyon Para sa Lahat ng Bata.”“The Children’s Month Celebration is a time to recognize the value of Filipino Children as the m […]
    Philippine Information Agency Regional Office V
  • A-PAD holds disaster-resiliency confab for MSMEs in Bicol December 1, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Dec.1 (PIA) -- A community of entrepreneurs from the Micro, Small and Medium Enterprises (MSMEs), gathered together at the Villa Caceres Hotel here for the 3-day Business Community Planning (BCP) and Disaster Risk Reduction and Management (DRRM) training seminar primarily to mainstream business community and resiliency of […]
    Philippine Information Agency Regional Office V
  • Cebu Pacific now has daily flight in Catanduanes November 30, 2016
    VIRAC, Catanduanes, Nov. 30 (PIA)- Cebu Pacific announced that there will now be daily flights to and from Virac beginning December 18, 2016 until March 2017.According to Roberto L. Jackson, Cebu Pacific station officer in Catanduanes, instead of 4x weekly Airbus Manila-Virac-Manila flight, there will now be an 11x weekly ATR operations.He likewise bared tha […]
    Philippine Information Agency Regional Office V
  • BNC, JJWC, DSWD hold youth meet vs. lowered MACR November 29, 2016
    LEGAZPI CITY, Nov. 29 (PIA) – To culminate the celebration of this year’s National Children’s Month, the Bicol Network for Children (BNC), in cooperation with the Juvenile Justice and Welfare Council (JJWC) and Department of Social Welfare and Development (DSWD) of the Bicol region held the #KalingaHindiKulungan Bicol Youth Meet at Legazpi City.The main purp […]
    Philippine Information Agency Regional Office V
  • Bicol’s “orange Cagsawa” showcases campaign to end violence vs. women November 29, 2016
    By Sally Atento-AlteaLEGAZPI CITY., Nov 29 (PIA) -- It may not seem a good start as heavy rain poured on but it didn’t stop the Bicolanos from joining the call to support the advocacy to end violence against women (VAW) through the "Orange Your Icon for 18 days" campaign launched November 25 in the Bicol region at Cagsawa Park in Albay.Despite the […]
    Philippine Information Agency Regional Office V
  • CamSur guv strengthens fight against drugs through CASUROG Program November 28, 2016
    By Ana-Liza S. MacatangayPILI, CAMARINES SUR, Nov. 28 (PIA) --- Various efforts to curb the ill-effects of illegal drugs have already been implemented by the provincial government of Camarines Sur in response to the directives of President Rodrigo Roa Duterte immediately following his assumption of office in June 30.Governor Miguel “Migz” Villafuerte recapit […]
    Philippine Information Agency Regional Office V
  • DILG’s MASA MASID regional launch in Bicol November 28, 2016
    By Ana-Liza S. MacatangayNAGA CITY, Nov. 28 (PIA) -- With the war on drugs now in full swing across the country, the Department of Interior and Local Government (DILG) inched another step forward to ensure that the campaign will be relentlessly pursued with the help of more stakeholders and volunteers.DILG BIcol has  spearheaded the regional launch of “Mamam […]
    Philippine Information Agency Regional Office V
  • Police, military operatives discover ‘shabu lab’ in Catanduanes November 28, 2016
    VIRAC, Catanduanes, Nov. 28 (PIA) -- Bicol regional director PCSupt. Melvin Ramon G. Buenafe of the Philippine National Police (PNP) has confirmed yesterday, Nov. 27, the discovery of a clandestine shabu laboratory at Barangay Palta Small in this municipality.According to PCSupt. Buenafe, said laboratory was secured in a joint operation of Catanduanes Police […]
    Philippine Information Agency Regional Office V

FIND OUT MORE! EXPLORE THE BEAUTY OF SORSOGON!!

 

Calendar

May 2010
M T W T F S S
« Apr   Jun »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

eRADIO-SORSOGON

pbndzmssorsogon.blogspot.com  

RSS THIS DAY IN HISTORY

  • September 25, 1957: Central High School integrated
    Under escort from the U.S. Army’s 101st Airborne Division, nine black students enter all-white Central High School in Little Rock, Arkansas. Three weeks earlier, Arkansas Governor Orval Faubus had surrounded the school with National Guard troops to prevent its federal court-ordered racial integration. After a tense standoff, President Dwight D. Eisenhower fe […]

PESO EXCHANGE RATES TODAY

OFW-ONLINE SERVICES

poea.gov.ph
 

ARE YOU LOOKING for a JOB?

jobsdb.com
 
jobsdb.com
 
jobstreet.com

nrco.dole.gov.ph   poea.gov.ph         phil-job.net  

   
    sorsogonunited.wordpress.com    
sorsogonunited.wordpress.com   sorsogonunited.wordpress.com
   

Proud to be pinoy

Bicol Blog Community

SORSOGONUNITED VISITORS

  • 181,103 Hits

FROM AROUND THE GLOBE

Free counters!

SORSOGONUNITED FRIENDS

del.icio.us

Top Rated

%d bloggers like this: