Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization program has generated a total of PhP911.981 billion as of 30 June 2020. Of this amount, actual collection amounted to PhP624.862 billion.

Privatization Proceeds:
Financial Bids and Collection
As of 30 June 2020
(In PHP Billion)

Assets	Financial Bids	Collected
	In Billion PhP
Generating Assets	160.906	160.906
Decommissioned Plants	0.545	0.545
TransCo (Concession Fees)	264.802 1/	185.872
Appointment of IPPAs	482.499	274.310 2/
Other Assets/ Priva-Related	3.229	3.229
Total	911.981	624.862

^1/ Concession fees are inclusive of Interest on deferred payment

^2/ Collections include adjustments in IPPA proceeds based on IPP plant operation

Total collections of PhP624.549 billion as of June 2020, augmented by interest income on placements and funds from power receivables* were exclusively utilized for the liquidation of financial obligations amounting to PhP671.69 billion.

Privatization Proceeds Utilization
As of 30 June 2020
(In PHP Billion)

Utilization	Amount (In PHP Billion)
Debt Prepayment	64.68
Regular Debt Service	402.37
BOT Lease Obligations	204.64
Subtotal	671.69
Other Privatization-Related Expenses	4.98
TransCo OPEX	0.05
Total	676.72

USD1:PhP49.851 (BSP Guiding Rate dated 30 June 2020)

* Power receivables were used to augment funds for debt payment and other expenses