investor groups

Five groups have expressed interest to bid for the 0.8-megawatt (MW) Amlan hydroelectric power plant in Negros Oriental.

Of the five prospective bidders, one is from abroad, according to Froilan Tampinco, vice-president for asset management and energy trading of the Power Sector Assets and Liabilities Management Corp. (PSALM)

Tampinco, however, declined to identify the interested groups.

The deadline for submission of letters of interest was Monday.

PSALM authorized interested parties to conduct due diligence activities on the power plant from April 14 to June 23, 2008.

A pre-bid conference, where potential bidders can request clarification on the bidding process, will be held on May 7.

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