Electricity spot market operations in Luzon start in May
The commercial operations of the wholesale electricity spot market (WESM) in Luzon will start in May as soon as the Energy Regulatory Commission (ERC) approves the spot market's pricing mechanism. ...
DOF, ADB sign Omnibus Amendment Agreement
The Department of Finance (DOF), National Power Corporation, Power Sector Assets and Liabilities Management Corporation (PSALM), National Transmission Corporation (TransCo) and the Asian Development Bank (ADB) today (Friday, March 3) formally signed the Omnibus Amendment Agreement (OAA) that expressly provides the consent of ADB to the transfer of the assets of National Power to PSALM and TransCo, and the assumption by PSALM of all loan obligations of National Power with the ADB. The OAA amends all loan agreements between ADB and National Power to reflect these consents....
WESM prospects to be discussed in Bidders' Forum
The role and the future of the Wholesale Electricity Spot Market (WESM), one of the vital components in the ongoing restructuring and privatization of the Philippine power industry, will be discussed in a Bidders' Forum slated on Wednesday, March 1, at the Department of Energy....
24 investors eye four power plants
Twenty-four investor groups have signified interest in bidding for four of the power plants being sold by the Power Sector Assets and Liabilities Management Corp. (PSALM)....
3 companies to bid for third party auctioneer services
Three companies have offered their services to become the third party auctioneer (TPA) of the Power Sector Assets and Liabilities Management Corporation (PSALM) in its efforts to facilitate the sale of the decommissioned, or retired, plants of the National Power Corporation. ...