September 13, 2013
MS. JANET ENCARNACION
Head, Disclosure Department
Philippine Stock Exchange, Inc.
3rd Floor, Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue
Makati City
Re:
Clarification to the September 13, 2013 BusinessWorld News Article
Dear Ms. Encarnacion:
This refers to your letter requesting us to confirm the veracity of the information contained in the
BusinessWorld article dated September 13, 2013, entitled, “Three firms said eyeing Naga plant auction”,
a portion of which is quoted hereunder:
…………………..
THREE FIRMS have expressed interest in the second auction of the 153.1-megawatt
(MW) Naga power plant complex that has been scheduled next month by the Power
Sector Assets and Liabilities Management Corp. (PSALM).
In a statement yesterday, PSALM said: “the second round of bidding for the
sale of the Naga power plant complex has attracted three investors groups,”
identifying them as SPC power Corp., Therma Power Visayas, Inc., and RD Corp.
PSALM said the prospective bidders attended the pre-bid conference
conducted yesterday at PSALM’s office in Makati City. It added that the firms also
completed preliminary requirements to participate in the auction, particularly
submission of letters of interest by Sept. 4, payment of a P120,000 non-refundable
participation fee and execution of confidentiality agreement by Sept. 6.
...
The second auction has been scheduled on Oct. 15.
...
…………………..
We would like to confirm that Therma Power Visayas, Inc., a wholly owned subsidiary of Aboitiz Power
Corporation (AboitizPower), intends to participate in the bidding for the 153.1-MW Naga power plant
complex located at Naga City, Province of Cebu. At this point, however, AboitizPower is still studying
and evaluating the project and the results thereof will be reviewed by the Board for final approval.
Thank you.
Very truly yours,
ABOITIZ POWER CORPORATION
By
M. JASMINE S. OPORTO
Corporate Secretary