Friday, December 12, 2008

P11M Amlan hydropower plant to be built

An P11M hydropower plant will soon begin construction in Amlan, the first hydro power plant to be built in Negros Oriental, to serve the electricity needs of the town and nearby areas.
This was learned from Juan Eugenio “Johnny” Roxas, who hails from Dumaguete City, and is the president of ICS Renewables, the company that won the bidding for the hydro facility
Located in Sitio Pasalan, Barangay Silab, Amlan, Negros Oriental, the Amlan plant is the first power facility to be constructed in the province. According to Mr. Roxas, “it is designed to operate as a base-load plant, supplying the town of Amlan and nearby villages.”
Last Wednesday Power Sector Assets and Liabilities Management Corp. (PSALM) conducted a state auction for the Amlan hydro power plant.
ICS Renewables topped the bidding, after it offered US$230,000 (or P11,270,000.00) for the Negros Oriental-based generating facility.
“The winning bid exceeded the reserve price set by the PSALM Board for the generating asset,” the state-run company said in a statement, without disclosing any figures.
ICS Renewables is a newly incorporated, Filipino-owned company engaged in the manufacture of alternative fuels. Its president is Mr. Juan Eugenio “Johnny” Roxas of Dumaguete City.
The firm is also involved in acquiring, developing, owning, leasing, subleasing, operating and managing real and personal property of every kind and description, including but not limited to, properties using alternative fuels and other environment-friendly device or equipment.
ICS Renewables would be declared the winning bidder of the Amlan plant as soon as PSALM has verified the accuracy, authenticity and completeness of the bid documents that the company had submitted. Psalm will then issue the Notice of Award to formally notify ICS Renewables as the winning bidder.
With the sale of the Amlan hydro plant, PSALM closed the government’s power privatization program for 2008 on a positive note as it successfully bid out more than its targeted 70 percent of the National Power Corp.’s generating assets in the Luzon and Visayas grids.
PSALM achieved its privatization goal for this year after successfully selling the 146.5-megawatt Panay and 22-megawatt Bohol power plant package on November 12.

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