State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is courting prospective investors who are interested to join the second round of auction it will be undertaking for a prime real estate asset in Pampanga. psalm logo The property, which is sited in Barangay Lagundi at the...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will be undertaking a competitive auction for the operation and maintenance service contract (OMSC) of the 150-megawatt Casecnan multi-purpose project (CMPP) that has both irrigation and power generation functions. psalm...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has fully received the P3.123 billion payment for the 650-megawatt Malaya thermal power plant, completing the sale of the facility to Belgrove Power Corp. 28680 On top of the remitted purchase price for the power plant,...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is awaiting firm commitment from Philippine National Oil Company (PNOC) before deciding to advance any further discussion or negotiation on its targeted purchase of the ‘banked gas’ that can be utilized for the...
Even if the build-operate-transfer (BOT) contract for the 1,200-megawatt Ilijan gas-fired plant will expire by June next year, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that there is no definitive plan yet on turnover to its independent power producer...
In line with its continuing asset-divestments, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is trying to court prospective bidders for its Paco-Manila property that is being lined up for ‘negotiated sale’ arrangement. The real estate asset had been prescribed...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has already collected P653.218 billion, out of the P911.040 billion proceeds that the government fetched from the divestment of National Power Corporation’s power generation and transmission assets. That level of...
The receivables of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) from a subsidiary-company of San Miguel Corporation for the capacity payments of the 1,200-megawatt Ilijan gas-fired power plant had been pared to P21.871 billion, as stipulated in the company’s 2020...
Fort Pilar Energy Inc. (FPEI), which was previously declared winning bidder in the negotiated deal for the 650-megawatt Malaya thermal power facility, will be assigning its asset acquisition rights to subsidiary Belgrove Power Corporation. In a statement to the media, asset-seller Power Sector...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) said it will formally ask the Energy Regulatory Commission (ERC) to scrap the universal charge for stranded debts (UC-SD) component in the electric bills of consumers, once it can secure a supplemental budget of P3.2...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
The National Electrification Administration (NEA) is seeking write-off of the consumers’ “worthless receivables”, including those whose records have been destroyed or already impossible to be retrieved. In particular, NEA indicated in an addendum that it is providing clarification to the...
