Thirteen groups have attended the pre-bid conference for the sale of the 165-megawatt Casecnan hydroelectric power plant (CHEPP), according to the Power Sector Assets and Liabilities Management Corp.
The public bidding for the CHEPP will be on an “as-is, where-is” basis.
Interested parties must submit their bids on February 24.
The CHEPP is a “run-of-river” type of plant with limited impounding area. The water from the reservoir flows into the plant’s powerhouse, down to the Pantabangan lake and into the irrigation channels of the National Irrigation Administration.
NIA will continue its mandate of irrigating farmlands even after the privatization of the CHEPP.
Located at Sitio Pauan, Brgy. Villarica, Pantabangan, Nueva Ecija, about 150 kilometers north of Manila, the CHEPP was covered by a build-operate-transfer agreement which ended on December 11 last year.