Mining firm eyes Malaya, Unified Leyte IPPA contracts
Listed firm Pacifica Inc. will bid for the management and operation of 2 other power projects aside from the 1,200-megawatt Ilijan combined power plant in Ilijan, Batangas.
In a disclosure to the stock exchange, the company said its board approved its planned participation in the sale of the independent power producer administrator (IPPA) contracts covering the Malaya thermal power plant in Pililla, Risal and the Unified Leyte geothermal complex in Malitbog, Leyte and Tongonan, Ormoc City.
The company, which is owned by mining firm Mikro-Tech Capital Inc. of Manila port operator Michael Romero, said it is also interested in acquiring other IPPA contracts to be auctioned off by state privatisation agency Power Sector Assets and Liabilities Management Corp. (PSALM).
Pacifica earlier disclosed plans to bid for the IPPA contract attached to the Ilijan power plant, which attracted several other bidders, including San Miguel Corp., Aboitiz Power Corp., First Gen Corp. and Trans-Asia Oil Energy and Development Corp.
“The company’s participation in this bid is an affirmation of its continuing intent to expand its business opportunities into power related activities,” Pacifica said.
A pre-bidding conference for the Ilijan plant will be held on February 11.
Category: ResourceAsia
