On behalf of the PSALM Board of Directors, I write to signify my disappointment over the lack of objectivity and journalistic responsibility in the statements made by Mr. Conrado R. Banal III in his column Breaktime on July 18: ...
I write to clarify the issues and questions raised by Mr. Conrado R. Banal III in his column Breaktime on July 11:...
PSALM Board did not receive "P10-M Bonus"
The members of the Power Sector Assets and Liabilities Management Corporation (PSALM) Board did not receive the "P10-million bonus" in 2004. It did grant a performance incentive to PSALM officials and employees for accomplishments made in that year, but the sale of the 600-megawatt (MW) Masinloc coal-fired power plant was not the sole basis for the grant. ...
US power company Mirant Corporation late yesterday announced its plan involving the commencement of an auction process to sell its international businesses in the Philippines and the Caribbean. The move was not entirely unexpected given the financial condition of Mirant Philippines's mother company in the US, which has prompted the latter to come up with a strategic plan to enhance its company's shareholder value after emerging from bankruptcy protection in the US in January....
12 groups expressed interest to bid for TransCo concession
The Power Sector Assets and Liabilities Management Corporation (PSALM) received expressions of interest to participate in the forthcoming public bidding for the 25-year concession of the National Transmission Corporation (TransCo) from 12 investor groups, PSALM vice-president Nonito R. Bernardo, Jr. said....