Hong Kong’s CLP Group, the U.K.'s International Power and Japanese corporates Mitsui & Co. and Marubeni Corp. are being tagged as strong contenders to reach the second round of Mirant’s Philippines generation asset auction, according to an official tracking the sale.
Credit Suisse is running the auction, which comprises two contracted coal-fired facilities: the 1.2 GW Sual Generating Plant in Sual, Pangasinan, and 704 MW Pagbilao Generating Plant in Pagbilao, Quezon. Mirant expects final bids for the assets in late October (PFR, 8/7) and to announce a winner in November. Corry Leigh, a spokeswoman at the Atlanta-based IPP, declined comment and Jason Fisher, an official at Credit Suisse in Singapore, did not return a call by press time. Press officers at International Power, Mitsui and CLP--formerly known as China Light & Power--declined comment and a spokesman at Marubeni could not be reached.