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Byline: Ava Kashima K. Austria
THE GOVERNMENT is once again resorting to a negotiated sale of one of its power plants, after the winning bidders of the 600-megawatt (MW) Calaca coal-fired power facility pulled out from the deal last month.
According to the state's privatization arm for energy facilities, the Power Sector Assets and Liabilities Management Corp., or PSALM, a negotiated sale will likely be the method of selling the asset.
"We are already allowed to have a negotiated sale for Calaca and we intend to write letters to those who have shown interest in Calaca in the previous biddings," PSALM President Jose C. Ibazeta told reporters …