Financial Management
Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization efforts generated a total of USD19.996 billion as of of 1st quarter 2017. Of this amount, actual collection amounted to USD11.175 billion as of this period.

Privatization Proceeds Generation and Collection
As of 1st Quarter 2017
In USD Billion

Assets Generated Collected Balance
Generating Assets 3.605 3.605 0.000
Decommissioned Plants 0.007 0.007 0.000
Transmission Business (TransCo) 6.100 4.004 2.096
Appointment of IPPAs 10.284 3.559 6.725
Total 19.996 11.175 8.821

Out of the USD10.291 billion privatization proceeds utilized, USD10.192 billion or 99.03% was used for the liquidation of financial obligations. The difference between the total amount collected and total utilization in the amount of USD.884 billion is placed in temporary investments while awaiting utilization.

Privatization Proceeds Utilization
As of 3rd Quarter 2016
In USD Billion

Utilization Amount
(In USD Billion)
Debt Prepayment 1.298
Regular Debt Service 6.338
BOT Lease Obligations 2.555
Other Privatization-Related Expenses 0.099
TransCo OPEX 0.001
Total 10.291

USD1:PhP50.194 (BSP Guiding Rate dated 31 March 2017)