PSALM cuts financial obligations by P195-billion under Duterte administration


The Power Sector Assets and Liabilities Management Corp. (PSALM) has trimmed by more than a third its financial obligations as of June 30, 2022, the last day of President Rodrigo Duterte in office. Financial obligations amounted to P538 billion before President Duterte assumed office in June 2016, or a hefty reduction of P195.4 billion by the end of the Duterte administration. Its financial obligation is now estimated at PHP342.6 billion....

DOF Press Release: Government to effect power curtailment to MAGELCO, power cut to LASURECO for failure to settle over P16-B unpaid electricity bills


The Department of Finance (DOF) has instructed the Power Sector Assets and Liabilities Management Corp. (PSALM) to strictly enforce its credit and collection policy against Maguindanao Electric Cooperative, Inc. (MAGELCO) and Lanao del Sur Electric Cooperative, Inc. (LASURECO) for their failure to settle their outstanding accounts exceeding P16 billion combined and to pay their current power bills on time....

DOF Press Release: PSALM cuts financial obligations by almost P183-B under Duterte administration


The Power Sector Assets and Liabilities Management Corp. (PSALM) has trimmed to P355.2 billion its financial obligations as of end-2021 from close to P538 billion before President Rodrigo Duterte assumed office in 2016....

A. For Privatization / Sale

B. For Procurement  ( Procurements / Projects Archive )

  • Operation and Maintenance Service Contract for Power Plants
  • Supply and Delivery of Fuel Oil for Power Plants
  • Consultancy
  • Goods and Services

C. For Disposal (Office Property and Equipment)

  • Motor Vehicles
  • Scrap Materials