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PSALM receives P3 12-B payment from sale of Malaya plant

State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has fully received the P3.123 billion payment for the 650-megawatt Malaya thermal power plant, completing the sale of the facility to Belgrove Power Corp. 28680 On top of the remitted purchase price for the power plant,

Malaya plant buyer is battery storage investor in Zamboanga

Published May 11, 2021, 12:19 PM Fort Pilar Energy Inc., which is the winning buyer of the 650-megawatt Malaya thermal power facility, is a new company that currently has investment of P5.0 billion for 100-megawatt hour (MWh) battery energy storage system (BESS) facility in Zamboanga Peninsula, according to asset-seller Power Sector Assets and Liabilities Management Corporation. Fort Pilar Energy’s win in the negotiated divestment of the Malaya plant on May 7 this year came as a major surprise in the power sector, because it had beaten more entrenched player AC Energy Corporation (ACEN) of the Ayala group in that privatization exercise of the government.

Fort Pilar Energy buys Malaya plant for P3 123 B – Manila Bulletin

Published May 7, 2021, 5:13 PM Filipino firm Fort Pilar Energy Inc. emerged as the winning buyer of the 650-megawatt Malaya thermal power facility with P3.123 billion price offer – the divestment process of which was through a negotiated deal consummated on Friday (May 7). State run Power Sector Assets and Liabilities Management Corporation (PSALM) announced that the plant’s negotiated sale was a “success”; and the tendered purchase price for the Malaya facility had been way higher than the set minimum offer price of P1.845 billion. The winning offer of Fort Pilar Energy heftily exceeded the P2.22 billion bid of AC Energy Corporation of the Ayala group, which also showed sustained interest in the Malaya thermal facility.

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