The study undertaken by the Asian Development Bank (ADB) on the proposed mode of privatization for the 150-megawatt Casecnan and 728MW Caliraya-Botocan-Kalayaan (CBK) hydropower plants will be out by the end of this month, according to state-run Power Sector Assets and Liabilities Management...
The outstanding financial obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) had been pared by a substantial P40.103 billion in 2020 to P381.908 billion from a humongous level of P422.01 billion the previous year. The government run firm similarly noted that...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has cornered prepayment of P202.106 million from Sorsogon I Electric Cooperative (SORECO I), as part of the restructuring deal that the parties have entered into. For the amount prepaid by the Sorsogon power utility, it...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is disposing another real estate asset by March 25 next year – and this time, it is a bigger-scale property in Barangay Lagundi in Mexico, Pampanga spanning 50,447 square meters. The company issued invitation to bid...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is demanding the Olongapo City government to pay its long overdue unpaid electricity bills incurred for over a decade, the Department of Finance (DOF) said. In a statement released by the DOF, it said that PSALM sent a final...
The 17-year wait is finally over for the dismissed employees of state-run National Power Corporation (NPC), as the Power Sector Assets and Liabilities Management Corporation (PSALM) already allocated P3.702 billion for their payment-claims. According to PSALM President Irene B. Garcia, the company...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is gaining traction on its divestment of real estate assets, with it successfully clinching buyers for the Loboc property in Bohol province; and another one in Camalaniugan, Cagayan province through a negotiated deal. The...
Japanese firm Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has cornered the contract for the upgrade of the 458-megawatt Makiling-Banahaw geothermal power facility that is owned and operated by AP Renewables Inc. (APRI) of the Aboitiz group. Under the deal, Mitsubishi...
The Department of Finance (DOF) has been warned that the financial liabilities of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) would swell because of the insufficient budget the national...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is soliciting tenders from interested parties for its propounded ‘negotiated deal’ for the divestment of the government-owned Paco-Manila property that is situated in Isla de Provisor in city of Manila. The minimum...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will need to borrow P38.4 billion this year to augment the funds needed for the power rate reduction subsidy mandated under Republic Act 11371 or the Murang Kuryente Act (MKA) that was signed by President Rodrigo Duterte...
The Power Sector Assets and Liabilities Management Corp. (PSALM) has sent out final letters of demand for payment to two companies with long overdue obligations with the government, the Department of Finance (DOF) said. In a statement, the DOF revealed that final demand letters by PSALM...
