Article: Philippines: Nine investors to bid for hydroelectric plants contracted capacities PSALM.

THE POWER Sector Assets and Liabilities Management Corp. (PSALM) said on Friday that nine investors are expected to bid for National Power Corp. s (Napocor) contracted capacities for three hydroelectric plants.

PSALM said the nine companies beat Tuesday s deadline for the signing of a confidentiality agreement and payment of non-refundable $10,000 participation fee.

Bidders are vying for independent power producer administrator (IPPA) contracts for the 345-megawatt (MW) San Roque plant in San Miguel, Pangasinan, 70-MW Bakun in Benguet, Ilocos Sur and the 30-MW Benguet mini-hydro facility.

Those that have expressed interest included listed firms ...

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