Government sets negotiated sale for Calaca plant

According to the state’s privatization arm for energy facilities, the Power Sector Assets and Liabilities Management Corp., or PSALM, a negotiated sale will likely be the method of selling the asset.

“We are already allowed to have a negotiated sale for Calaca and we intend to write letters to those who have shown interest in Calaca in the previous biddings,” PSALM President Jose C. Ibazeta told reporters yesterday, noting that a negotiated sale is allowed after two failed biddings.

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