Mr. Jose C. Ibazeta has assumed the post of president and chief executive officer of the Power Sector Assets and Liabilities Management Corporation (PSALM), the agency tasked to privatize the assets and manage the liabilities of the National Power Corporation, in simple rites held last Friday (02 March) at the PSALM offices in Makati....
Two days after bidding adieu to former President and Chief Executive Officer Nieves L. Osorio, the PSALM management and employees last Friday welcomed Mr. Jose "Nono" C. Ibazeta as their new head. In her farewell remarks, Ms. Osorio lauded PSALM management and employees for the unwavering support and hard work they displayed in weathering the challenges and accomplishing the tasks at hand. She leaves...
RP-World Bank agreement on power asset transfer signed
The government, through the Power Sector Assets and Liabilities Management Corporation (PSALM), and the World Bank today (26 February 2007) formally signed a universal creditor's consent to the transfer of the debts and generation assets of National Power to PSALM and the transfer of the transmission assets of National Power to the National Transmission Corporation (TransCo), and by PSALM, the sale of the generation assets and, by way of concession, the transmission assets to investors....
Statement of PSALM president and CEO Nieves L. Osorio
I would like to thank President Gloria Macapagal Arroyo for accepting my resignation as PSALM president and chief executive officer and for giving me a chance to take a much needed break....
Ibazeta banks on private sector experience to fast-track privatization efforts
Newly-appointed Power Sector Assets and Liabilities Management Corporation (PSALM) President and Chief Executive Officer Mr. Jose C. Ibazeta intends to harness his 40-year long experience in the private sector to fast-track the privatization of the assets of the National Power Corporation, including its transmission system being operated by the National Transmission Corporation (TransCo). Mr. Ibazeta...