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

PSALM’s privatization efforts generated a total of PHP926.282 billion as of 30 April 2024. Of this amount, the actual collection amounted to PHP800.129 billion.

Privatization Proceeds Generation and Collection
As of 30 April 2024
(In PHP Billion)

Assets Financial Bids Collected
Generating Power Plants 181.667 181.667
IPPA Administration 469.057 405.699
Transmission Concession 260.543 197.749
Decommissioned Plants    0.524    0.524
Other Assets/Priva-Related    14.490    14.490
Total 926.282 800.129

Total collections of PHP800.129 billion as of April 2024 were exclusively utilized to liquidate financial obligations amounting to PHP786.21 billion.

Privatization Proceeds Utilization
As of 30 April 2024
(In PHP Billion)

Utilization Amount
(In PHP Billion)
Debt Prepayment   57.62
Regular Debt Service 492.52
BOT Lease Obligations 236.07
  Subtotal 786.21
Other Privatization-Related Expenses    4.82
  Total 791.03

USD1:PHP57.697 (BSP Guiding Rate dated 30 April 2024