THE Caliraya-Botocan-Kalayaan (CBK) power plant will be auctioned off in April by the Power Sector Assets and Liabilities Management (Psalm) following a delay, the Department of Energy (DOE) said.
CBK is a 796.64-megawatt (MW) hydroelectric power plant complex operated by independent firm CBK Power Co. Ltd. in Laguna. It has a 25-year build-rehabilitate-operate-transfer contract with state-owned National Power Corp. that will expire in 2026.
