Panay-Bohol plants’ turnover set March 25

The Power Sector Assets and Liabilities Management Corporation (PSALM) is scheduled to turn over this March 25 the 146-megawatt Panay and 22-MW Bohol power plants, according to government sources.

For the power facility to be finally handed to winning bidder SPC Power Corporation, the latter needs to settle the required upfront payment which is equivalent to 40 percent of its $5.858 million purchase offer.

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