Power Sector Assets and Liabilities Management Corporation (PSALM) in the Philippines has received four bids in response to the privatization notice for Malaya thermal power facility. PSALM is seeking a private partner to acquire a 650 MW Malaya thermal power facility and underlying land located in Pililla, Rizal with a minimum offer price of PHP 1.84 billion (US$ 37.93 million).

Four companies that have shown interest in the asset are:

• Sta Clara International Corporation
• VBB Trucking Trading and Consultancy Services Inc.
• Fort Pilar Energy Inc.
• AC Energy Philippines

The deadline to submit the bids is April 23, 2021.