State-run Power Sector Assets and Liabilities Management Corp. (PSALM) plans to overhaul the aging Agus–Pulangi Hydropower Complex (APHC) in phases to reinforce the Mindanao power grid. Dennis de la Serna, PSALM president and chief executive officer, said the agency expects to award the...
State-run Land Bank of the Philippines (Landbank) has extended a ₱155-billion bilateral term loan facility to the Power Sector Assets and Liabilities Management Corp. (PSALM) while onboarding the state-run power firm to its digital payment platform. Landbank, acting as sole lender and arranger,...
If passing laws were an Olympic sport, last year’s Senate would have taken home the gold. The bill creating the Philippine Atomic Energy Regulatory Authority (PhilAtom) breezed through its third and final reading in a single day—and without a single interpellation on the floor. By all...
With its corporate life extended by another decade, Power Sector Assets and Liabilities Management Corp. (PSALM) is revisiting its plans to convert its Diliman property in Quezon City into a mixed-use complex featuring commercial, office, and high-value developments. Dennis Edward A. Dela Serna,...
The Power Sector Assets and Liabilities Management (PSALM) has announced that the Aboitiz-led Thunder Consortium has been granted the notice of award (NOA) for the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants. In a statement on Friday, July 18, PSALM said the consortium—comprising...
State-run Government Service Insurance System (GSIS) has signed an agreement with the Power Sector Assets and Liabilities Management Corporation (PSALM), and the National Power Corporation (NPC), finalizing the settlement of over ₱1 billion in unremitted premium contributions arising from...
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...
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...
