Changes in composition of consortium winner for TransCo disallowed
The concession corporation that will operate the National Transmission Corporation (TransCo) must consist of the same members of the consortium that participated in the bid.
This added safeguard to ensure that the concession corporation will comply with the citizenship requirement as stipulated in the Constitution was made clear by the Power Sector Assets and Liabilities Management Corporation (PSALM)....
Palinpinon-Panay bid moved to 1st quarter of 2008
The Power Sector Assets and Liabilities Management Corporation (PSALM) has moved the bidding for the 192.5-megawatt (MW) Palinpinon Geothermal Power Plant and 146.5-MW Panay Diesel Power Plant to early next year, possibly within the first quarter.
PSALM is in discussion with the Philippine National Oil Company-Energy Development Corporation for possible amendments to the long-term steam supply agreement...
Monte Oro bags 25-year concession of TransCo
The consortium of the Monte Oro Grid Resources Corp., Calaca High Power Corp. and State Grid Corp. of China emerged as the highest bidder for the 25-year concession of the National Transmission Corporation (TransCo), the country's sole transmission business, in one of the closest biddings conducted by the Power Sector Assets and Liabilities Management Corporation (PSALM).
"We are very happy about...
Statement of President Jose C. Ibazeta to the Joint Congressional Power Commission Hearing (13 December 2007)
Please click on the link below to view the file....
2007Dec13 - PJCI Statement to JCPC.pdf (677KB)...
Congressional franchise a must before winning bidder can run TransCo
The highest bidder for the right to operate the National Transmission Corporation (TransCo) will not be able to run TransCo without a franchise from Congress. Thus, it is in its best interest to comply with all the requirements of Congress to be able to secure the franchise. This was stressed by the Power Sector Assets and Liabilities Management Corporation (PSALM) which conducted the bidding for...