PSALM adjusts bid date for properties in Limay, Bataan
The Power Sector Assets and Liabilities Management Corporation (PSALM) has adjusted the deadline for the submission of bids for its real estate assets located in Brgys. Luz and Kitang II in Limay, Bataan from 05 November to 09 November 2021....
PSALM to file a Motion for Reconsideration on ERC’s decision to penalize it for the Malaya Shutdown
The Power Sector Assets and Liabilities Management Corporation (PSALM) is very surprised to receive the decision of the Energy Regulatory Commission (ERC) penalizing it for the shutdown of the Malaya Thermal Power Plant (MTPP) Unit 2. Said ERC decision was in connection with the investigation of the circumstances that caused the red alert and yellow alert that happened on 31 May 2021 to 2 June 2021. MTPP’s Unit 2 has not been in operation since 3 March 2021, long before the red alert and yellow alert incidents. ...
PSALM declares a successful public bidding for its Limay, Bataan Asset
On 09 November 2021, the Power Sector Assets and Liabilities Management Corporation (PSALM) declared a successful public bidding for its Limay Asset. The highest bid price received by PSALM was from Panasia Energy Inc. (Panasia) amounting to PHP1,023,159,332.00. ...