Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization efforts generated a total of PHP908.78.16 billion as of end 30 June 2019. Of this amount, actual collection amounted to PHP579.97 billion as of this period.

Privatization Proceeds Generation and Collection
As of 30 June 2019
(In PHP Billion)

Assets	Generated	Collected	Balance
Generating Assets	162.25	162.25	0.000
Decommissioned Plants	0.64	0.64	0.000
Transmission Business (Concession Fees)	264.80[1]	182.32	84.48
Appointment of IPPAs	481.09	234.76[2]	235.823[3]
Total	908.78	579.97	319.22

^[1] /Privatization Proceeds relative to concession fees are inclusive of Interest on deferred payment
^[2] /Collections include adjustments in IPPA proceeds based on IPP plant operation
^[3] /Remaining IPPA receivable at June booking rate PhP51.358 = $1

Total collections of PHP579.97 billion as of June 2019, including interest income on placements, were exclusively utilized for the liquidation of financial obligations amounting to PHP629.27 billion as of June 2019.

Privatization Proceeds Utilization
As of 30 June 2019
(In PHP Billion)

Utilization	Amount (In PHP Billion)
Debt Prepayment	66.64
Regular Debt Service	382.69
BOT Lease Obligations	179.94
Subtotal	629.27
Other Privatization-Related Expenses	5.03
TransCo OPEX	0.05
Total	634.25

USD1:PhP51.358 (BSP Guiding Rate dated 28 June 2019)