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...
While its corporate life will already end in two years, the outstanding financial obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is still at a whopping P292.486 billion as of end-April this year. According to the company, its total debts stand at P254.6...
The Commission on Audit (COA) has granted the petition for money claim filed by Southern Philippines Power Corporation (SPPC) against the National Power Corporation (NPC) and the Power Sector Assets and Liabilities Management Corporation (PSALM) for the payment of contractual obligations under the...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing the terms for the auction next year of the propounded 25-year concession deal for the rehabilitation of the 932-megawatt Agus-Pulangui hydropower assets in Mindanao. According to PSALM President Dennis Edward A....
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will be chasing P25.1 billion worth of receivables from distribution utilities (DUs) or electric cooperatives (ECs) with delinquent payments in their power supply over the years. According to PSALM President and CEO Dennis...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has fetched additional P16.76 billion worth of proceeds from the divestment of the power assets previously owned by its precursor-firm National Power Corporation. In a presentation to Congress, PSALM President and CEO...
The Civil Service Commission (CSC) reminded government agencies on Monday, June 26 of the deadline for submission of the 2022 Statement of Assets, Liabilities, and Net Worth (SALN) to the appropriate repository agency, which is set on June 30. According to CSC, under the CSC Memorandum Circular No....
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 planning to pursue 25-year concession arrangement under the privatization plan of the 932-megawatt Agus-Pulangui hydropower facilities in the Mindanao grid. “We have a plan - the plan is for concession agreement,”...
