The Consortium of Aboitiz Renewables, Inc., Sumitomo Corporation, and Electric Power Development Co. (Thunder Consortium) emerged as the highest-ranking bidder, offering the amount of PHP36,266,000,000.00 during the opening of the Second Envelopes (Financial Proposal) conducted by PSALM for the sale of the CBK HEPPs on 04 July 2025. ...
PSALM sets minimum bid price for CBK hydroelectric power plants
The Power Sector Assets and Liabilities Management (PSALM) Corporation announces that it has determined the minimum bid price (MBP) for the sale of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plants. This development is part of PSALM’s continuing efforts to implement its privatization program in accordance with the government’s policy to encourage private sector participation and optimize asset value....
PSALM, NPC and GSIS settle premium contributions and corresponding interest of 1,233 DAMA claimants
The Power Sector Assets and Liabilities Management (PSALM) Corporation, in mutual cooperation with the Government Service Insurance System (GSIS) and National Power Corporation (NPC), conducted on 08 July 2025 the Ceremonial Signing of the Memorandum of Agreement (MOA) on the Settlement of Premium Contributions and Corresponding Interest of NPC’s DAMA (Drivers and Mechanics Association) claimants. This ceremonial event is a milestone in the history of DAMA claims settlement as it marks the resolution of the GSIS premium contributions and corresponding interest for the 1,233 DAMA claimants, as validated by the Commission on Audit (COA)....