State-run Power Sector Assets and Liabilities Management Corp. (PSALM) and the National Irrigation Administration (NIA) have transferred ownership and operation of the Casecnan Hydroelectric Power Plant to Fresh River Lakes Corp. (FRLC). In a statement, First Gen Corp. announced on Monday,...
The Philippine Competition Commission (PCC) has given the greenlight for Fresh River Lakes Corporation, a subsidiary of the Lopez-controlled First Gen Corporation, to acquire Casecnan Hydroelectric Power Plant (CHEPP) The 165MW Casecnan hydroeletric power plant CHEPP is being sold by the...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
Fresh River Lakes Corp. (FRLC), a subsidiary of Lopez-led First Gen Corporation, has already been served with the "notice of award" on its winning bid for the 165-megawatt Casecnan hydropower facility in Nueva Ecija. In a disclosure to the Philippine Stock Exchange (PSE), the company stipulated that...
The coffers of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) will be shored up by as much as $526 million by the end of this year, with the anticipated payment of Fresh River Lakes Corporation on its acquisition of the 165-megawatt Casecnan hydroelectric power plant...
Fresh River Lakes Corp, a subsidiary of First Gen Corporation of the Lopez group, submitted a winning bid that dwarfed other offers for the165-megawatt Casecnan hydropower facility, the first power asset privatized under the Marcos administration. According to sources privy to the outcome of the...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is targeting a successful divestment of the 165-megawatt Casecnan hydropower plant once it is placed for bidding by March 28 this year. The company announced that the second and third pre-bid conferences for the plant’s...
A decades-long dispute between a local tribe and the government over the right to implement the Casecnan Multi-purpose Irrigation and Power Project in Bayombong, Nueva Vizcaya may have finally been resolved, according to National Irrigation Administration (NIA) Administrator Benny Antiporda. In his...
A decades-long dispute between a local tribe and the government over the right to implement the Casecnan Multi-purpose Irrigation and Power Project in Bayombong, Nueva Vizcaya may have finally been resolved, according to National Irrigation Administration (NIA) Administrator Benny Antiporda. In his...
PSALM At least seven firms to join the auction of the one-year operation and maintenance service contract (OMSC) for the 165-megawatt Casecnan hydropower facility in Nueva Ecija, the state-run Power Sector Assets and Liabilities Management Corporation (PSALM) said. PSALM listed as prospective...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that it would be able to trim down outstanding financial obligations by P23 billion this year on continued flow of proceeds from the sale of National Power Corporation's (NPC) assets. psalm logo “At the start...
The review committee and the board of directors of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) has approved the proposed competitive bidding for the operation and maintenance (O&M) contract of the 150-megawatt Casecnan hydropower facility. psalm logo In the...
