A total of 16 senators have so far revealed their latest Statements of Assets, Liabilities, and Net Worth (SALNs) to provide the public with a snapshot of their financial standing, leaving eight in the Upper Chamber who have yet to disclose theirs. Senator Raffy Tulfo emerged as one the wealthiest...
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...
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...
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....
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...
