TeaM Energy to join bids for hydropower plants.

Byline: Jose Bimbo F. Santos and Don Gil K. Carreon

The Japanese consortium that took over the assets of Mirant Philippines, Inc. two years ago wants to bid for contracts to manage the state's power supply deals with a number of hydroelectric plants.

"We are still looking at the other bids, particularly the hydroelectric plants like San Roque," Federico E. Puno, president of TeaM Energy Corp., told reporters.

The statement came after listed Aboitiz Power Corp. bared last week plans to bid for hydroelectric IPPAs.

The state-led Power Sector Assets and Liabilities Management Corp. (PSALM) published last week invitations to bid for the independent …