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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.