New World Bank Assistance Project for DOE

It looks like the World Bank is funding another technical assistance (TA) project for DOE and PSALM regarding the development of the IPP Administrators per EPIRA.

Appointed by PSALM through open and competitive public bidding, IPPAs are qualified independent entities which will administer, conserve and manage the contracted energy output of National Power-IPP contracts, including selling the energy production and/or offering ancillary services.

This is in comparison with pure private sector operation and ownership of Napocor assets through the auction of assets that are operated by Napocor itself – such as Masinloc and such as the other assets that have been auctioned to-date.

The consultants include Robert Dykstra, Peter Bedson, John Breslin and David Baker of the Lacima Group; Michael Wagner of IPA Energy + Water Consulting; and Richard John Hemmings of Stonelegh Consulting.

. . .

The consultants will review the IPPA structure, develop alternative approaches to the privatization of PSALM/National Power- IPP contracts, and make the final recommendations on the matter. . . . The various tasks of the consultants are expected to be completed on 31 August.

. . .

PSALM targets to conduct the public bidding for the selection of PSALM’s IPP administrators in early September and the IPPAs appointed by the end of 2007.

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