PSALM sets minimum bid price for CBK hydro plants but withholds amount - BusinessWorld Online

PSALM sets minimum bid price for CBK hydro plants but withholds amount - BusinessWorld Online

STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) has set the minimum bid price for the sale of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power complex but opted not to disclose the amount. “This development is part of PSALM’s continuing efforts to implement its privatization program in accordance with the government’s policy to encourage private sector participation and optimize asset value,” PSALM said in a stateme…