PSALM issues its Guidelines and Procedures for Entering Joint Venture Agreements


The Power Sector Assets and Liabilities Management Corporation (PSALM) announces the issuance of its Guidelines and Procedures for Entering Joint Venture (JV) Agreements as approved by the PSALM Board on 26 June 2023. ...

PSALM and NIA formally turn over Casecnan Hydroelectric Power Plant (HEPP) to Fresh River Lakes Corporation (FRLC)


Effective 26 February 2024 at 00:00 hours, FRLC, a subsidiary of First Gen Corporation, is the official owner and operator of the 165-megawatt Casecnan HEPP....

PSALM obtains clearance from PCC on the sale of Casecnan hydro power plant


On 30 January 2024, the Power Sector Assets and Liabilities Management Corporation (PSALM) received the Philippine Competition Commission (PCC) Certification for its clearance on the sale of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP) by PSALM and the National Irrigation Administration (NIA) to Fresh River Lakes Corporation (FLRC). Following PCC’s clearance, PSALM issued its Certificate of Effectivity to FLRC on 31 January 2024 which marked the Casecnan Final Transaction Documents effective and binding among the Parties composed of PSALM, NIA and FRLC. ...

A. For Privatization / Sale

B. For Procurement  ( Procurements / Projects Archive )

  • Operation and Maintenance Service Contract for Power Plants
  • Supply and Delivery of Fuel Oil for Power Plants
  • Consultancy
  • Goods and Services

C. For Disposal (Office Property and Equipment)

  • Motor Vehicles
  • Scrap Materials
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