Rural electrification gets boost as EC loans settled
More and more, communities in the country's far-flung provinces are beginning to see the light, thanks to the government's Rural Electrification Program that is getting a major boost from PSALM....
PSALM cites credible privatization process as success factor
The privatization of power assets should continue to reap gains as investor trust in the privatization process remains high, according to Finance Secretary Gary B. Teves.
“Last year, government held two successful bids for major hydro power assets with an aggregate price of USD659 million. We continue to enjoy healthy and mutually respectful relationships with our investors, all of whom have indicated...
PSALM prepares for Masinloc rebid
The Power Sector Assets and Liabilities Management Corporation (PSALM) is currently in the midst of preparations for the rebidding of the 600-megawatt Masinloc coal-fired power plant in Zambales.
"We are pleased to announce that PSALM has come out with the public invitation for Masinloc today as we finalize preparations for the second round of bidding," said Froilan Tampinco, PSALM vice president...
PSALM set to bid out Manila Thermal plant
The Power Sector Assets and Liabilities Management Corporation (PSALM) recently conducted another dialogue with prospective bidders for the decommissioned Manila Thermal Power Plant as it finalizes preparations for the auction of the retired facility this month.
"We have given the prospective bidders another opportunity to thresh out the remaining issues in the decommissioned facility's auction...
PSALM to bid out Calaca in 2nd semester
The second semester of 2007 promises to be a busy one for the Power Sector Assets and Liabilities Management Corporation (PSALM) as it readies the reentry of its other coal-fired power facility to this year's auction bloc - the 600-megawatt (MW) Calaca Coal-Fired Thermal Power Plant - even as the investors who had signified interest in bidding for the 600-MW Masinloc coal-fired power plant prepare for the Due Diligence period. ...