After the successful bidding to privatize the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants, the government and private-sector players may next look forward to another public-private partnership (PPP) in rehabilitating the decades-old Agus-Pulangi hydropower complex in Mindanao. Power...
The consortium led by the Aboitiz conglomerate emerged victorious on Friday, July 4, as it won the right to take over the 797-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants in Laguna—a prime Luzon energy asset—from the state-run Power Sector Asset and Liabilities...
Aboitiz Power Corp.’s (AboitizPower) renewable energy (RE) arm and Lopez-led First Gen Corp. (FGen) are bidding for the Caliraya-Botocan-Kalayaan Hydroelectric Power Plants (CBK HEPP), according to the state-run Power Sector Assets and Liabilities Management Corp. (PSALM). PSALM’s...
The Department of Energy (DOE) lauded the 10-year extension granted to the Power Sector Assets and Liabilities Management Corp. (PSALM), a move that will enable the state-run enterprise to fulfill its remaining obligations. Energy Secretary Raphael P.M. Lotilla said in a statement that PSALM’s...
Senator Sherwin Gatchalian on Sunday, April 27 welcomed the 10-year extension of the corporate life of the Power Sector Assets and Liabilities Management Corporation (PSALM) as this would help bring down the cost of electricity in the Philippines. “The extension of the corporate life of...
For the benefits of the country's coconut farmers, the Sandiganbayan has ordered the United Coconut Planters Life Assurance Corporation (Cocolife) to issue immediately certificates of stocks in the name of the Republic of the Philippines covering 255,823,678 shares registered in the name of United...
The Department of Energy (DOE) expects the corporate life extension of the Power Sector Assets and Liabilities Management Corp. (PSALM) to facilitate the rehabilitation of the Agus-Pulangi plants in Mindanao. During an ambush interview, Energy Secretary Raphael P.M. Lotilla highlighted that PSALM...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has formally notified qualified bidders this week that it canceled the independent power producer administrator (IPPA) privatization mode for the 796-megawatt Caliraya-Botocan-Kalayaan (CBK) hydropower complex in Laguna....
ILOILO CITY – One-hundred seventy-six life vests were distributed to police units in Western Visayas on Oct. 31 after a policeman drowned while on duty on Oct. 16. “No one else should die while on duty,” said Police Brig. Gen. Jack Wanky, Police Regional Office-6 chief, who stressed that this...
The bargaining chip dangled by the Department of Energy (DOE) on the proposed corporate life extension for state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is to prevent transfer of P300 billion worth of its residual debts to the national government coffers. “At this...
The American Chamber of Commerce of the Philippines (AmCham) is throwing full backing to the legislative measures which had been outlined by President Marcos in his State of the Nation Address (SONA) as the next priority policies to be pursued by the government. In the energy sector, the key piece...
The Department of Energy (DOE) is batting for the corporate life extension of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) so it can serve as counterparty to the investing-entity that will rehabilitate the Agus hydropower complex in Mindanao. Energy Secretary Raphael...
