PSALM cuts price of supply from Malaysian plant

The state-owned Power Sector Assets and Liabilities Management Corp. lowered the Malaysian Thermal Power Plant (MTPP) minimum bid price from 650 megawatts to 1.845 billion pesos in hopes of successfully attracting investor interest in the third round of the negotiated sale process. In an invitation to negotiate and submit an offer signed by PSALM President Irene Garcia, the agency asked interested parties to join the third round of negotiated sale and submit an offer for the privatization of MTPP and its land underlying Pililla, Rizal. PSALM said any offer below the minimum price would be rejected out of hand. It fixed the filing of letters of interest for March 5. The pre-negotiation conference is scheduled for March 9 while the filing deadline is April 23 at 12 noon.

DISCLAIMER: Reader comments posted on this website are in no way endorsed by Manila Standard. Comments are the opinions of the readers of exercising their right to free speech and do not necessarily represent or reflect the position or point of view of While reserving the right in this post to remove comments deemed offensive, indecent, or inconsistent with Manila Standard’s editorial standards, Manila Standard cannot be held responsible for any false information posted by readers in this comments section.

Source link

Previous ATIF Holdings Limited Regains Compliance with Nasdaq Minimum Offer Price Requirement
Next Neovasc returns to compliance with Nasdaq minimum bid price rule

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *