The minimum bid price for the sale of Malaya Thermal Power Plant (MTPP) and its underlying land was lowered to P2.2 billion, the Power Sector Assets and Liabilities Management Corp. (Psalm) said.

In a statement, the state-run corporation said its board of directors arrived at the minimum bid price of P2,188,400,000 for the aforementioned power asset after taking into consideration various valuation methodologies and relevant factors.

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