According to multiple sources, the Department of Energy (DOE) has said that the winning bidder of the 650-MW Malaya Thermal Power Plant Complex should convert the power asset into a LNG plant.
However, the bid documents do not indicate the conversion of the Malaya plant into an LNG plant. Therefore, there may be a need to start the bidding process all over again.
Four companies have expressed interest to participate in the auction. APT Global Inc., Phinma Energy Corp., Riverbend Consolidated Mining Corp. and AC Energy Holdings Inc. submitted letters of interest. Their bids will be evaluated in preparation for the auction set on 8 March.
The Power Sector Assets and Liabilities Management Corporation manages the assets and liabilities of National Power Corporation as mandated by the Electric Power Industry Reform Act of 2001. It will also undertake the bidding process.
Situated in Pililia, Rizal province, the Malaya plant was rehabilitated in 1995 by the Korea Electric Power Corporation under a 15-year rehabilitate-operate-manage-maintain agreement. It consists of a 300-MW unit with a once-through type boiler and a 350-MW unit fitted with a conventional boiler.
Read the article online at: https://www.lngindustry.com/liquefaction/27022017/doe-wants-to-convert-malaya-thermal-plant-into-lng-facility/