Press Releases
Year: 2006

PSALM serves contract termination notice to YNN


The Power Sector Assets and Liabilities Management Corporation served the notice of contract termination to YNN Pacific Consortium last Friday, July 7....

Statement of Mr. Nonito R. Bernardo, Jr, Vice President for Finance, in response to the article written by The Daily Tribune reporter Riza Recio entitled, "Meralco blamed for Masinloc flop," on 6 July 2006


We write to clarify the news item written by Ms. Riza Recio (Meralco blamed for Masinloc flop) which appeared in The Daily Tribune on July 6, 2006....

Effectivity of YNN contract termination notice


Why does the termination take effect only 30 days after the notice?...

PSALM to serve termination notice to YNN


After collecting the $14.14-million performance bond from YNN Pacific Consortium Inc., the Power Sector Assets and Liabilities Management Corporation (PSALM) Board of Directors decided to issue the notice of termination of the contract for the sale of the 600-megawatt Masinloc coal-fired power plant on or before July 10....

PSALM to move ahead with privatization of National Power assets


The Power Sector Assets and Liabilities Management Corporation (PSALM) is bent on moving ahead with the auction of the transmission facility and other generation assets of the National Power Corporation scheduled this year....




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