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...
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,”...
The Department of Finance (DOF) has ordered the collection of unpaid electricity bills of the Maguindanao Electric Cooperative, Inc. (MAGELCO) and Lanao del Sur Electric Cooperative, Inc. (LASURECO). In a statement Wednesday, June 8, the DOF said MAGELCO and LASURECO have outstanding accounts...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) wants to trim down further its financial obligations by implementing cost-cutting measures while increasing revenue collection, the Department of Finance (DOF) said. In a statement, Irene Joy Besido Garcia, PSALM president and...
