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...
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) has moved to May 16 this year the sale of the 165-megawatt Casecnan hydropower facility instead of March 28.
According to PSALM President Dennis Edward A. Dela Serna, the asset-seller firm has yet to finalize the Water...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will review the plan on the potential transformation of its Diliman property into a mixed-use complex that will cater to commercial establishments, office buildings and other premier development ventures.
According...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has reduced its outstanding debt by P8.44 billion last year to P346.76 billion from the prior year’s P335.25 billion on higher revenues.
According to PSALM President and CEO Dennis Edward A. Dela Serna, 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...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is seen posting residual debts of roughly P200 billion at the end of its corporate life in 2026, according to company President and CEO Dennis Edward Dela Serna.
At end-June this year, the level of debts of the company had...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is lining up the 728-megawatt Caliraya-Botocan-Kalayaan (CBK) hydropower plant next in the auction block for the continuing privatization of government-owned power assets.
According to PSALM President and CEO Dennis...
At least 14 firms have expressed interest for the 165-megawatt Casecnan hydropower facility, which is scheduled for bidding in March next year.
The interested parties which submitted letters of interest (LOI) to asset-seller Power Sector Assets and Liabilities Management Corporation...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that it is pursuing P34.04 billion worth of ‘overdue payables’ from South Premiere Power Corporation (SPPC), a subsidiary of San Miguel Corporation that served as independent power producer administrator...
