PSALM lays down privatization plans for 2018


The Power Sector Assets and Liabilities Management (PSALM) Corporation is bent on achieving its privatization targets this year, particularly the sale of its expensive plants to cut on operational costs and to augment funds for paying-off its assumed obligations that will significantly benefit the government and the electricity end-users....

PSALM issues Notice of Default to FDC Misamis Power Corporation


PSALM subsequently forfeited the performance bond of FDC Misamis on 11 December 2017, amounting to PhP400 million....

PSALM addresses IPPA concerns in accordance with agreements


Deficiencies in obligations on the part of Independent Power Producer Administrators (IPPAs) are addressed according to the terms stipulated under the IPPA Administration Agreement (IPPA AA), the Power Sector Assets and Liabilities Management (PSALM) Corporation disclosed....