PSALM plans to attach a supply contract to the sale of the plant, which would gurantee a ready market for 10-15% of its output, and consequently assure the buyer a market for around 36-54MW through a supply contract either with an independent distribution utility or state-owned National Power Corporation.

Last week First Generation Hydropower Corp (FirstGen) was named the winning bidder for the 112MW Pantabangan-Masiway hydro complex, in a US$129M deal.

Magat is located in North Eastern Luzon Ramon, Isabela, approximately 350km northeast of Metro Manila.

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