The power plants on sale include a 600 mW bunker fuel plant, a 0.4 mW hydroelectric plant and five already non-commissioned plants.

In a statement released to the media, the Philippines Power Sector Assets & Liabilities (PSALM) Management Corp stated, “The power plants will be sold off in several batches starting with the sale of a 3.5 megawatt hydroelectric facility in the southern Philippines in March.”

“Under the proposed sale structure, buyers will have no obligation to run the plant and can dismantle or transfer the assets if they wish. They are also under no obligation to retain the existing employees. The land on which the assets are located can either be bought or leased on long-term,” added statement.

No price was given for the 15 power stations. However, according to PSALM, “The plants will also be sold free of debt as the company, which has responsibility for selling off assets of the state-run National Power Corp (Napocor), will absorb the debt.”