Financial Management
I. Privatization Proceeds: Financial Bids, Collection and Utilization

PSALM’s privatization efforts generated a total of PHP916.66 billion as of 30 November 2023. Of this amount, actual collection amounted to PHP767.726 billion.

Privatization Proceeds Generation and Collection
As of 30 November 2023
(In PHP Billion)

Assets Financial Bids Collected
Generating Power Plants 164.029 164.029
IPPA Administration 482.499 397.804
Transmission Concession 260.543 196.306
Decommissioned Plants    0.524    0.524
Other Assets/Priva-Related     9.062     9.062
Total 916.658 767.726

Total collections of PHP767.726 billion as of November 2023 were exclusively utilized for the liquidation of financial obligations amounting to PHP766.96 billion.

Privatization Proceeds Utilization
As of 30 November 2023
(In PHP Billion)

Utilization Amount
(In PHP Billion)
Debt Prepayment   57.62
Regular Debt Service 485.55
BOT Lease Obligations 223.78
  Subtotal 766.96
Other Privatization-Related Expenses    4.82
  Total 771.77

USD1:PHP55.3280 (BSP Guiding Rate dated 30 November 2023)
* Power receivables were used to augment funds for debt payment and other expenses