“Only SC can stop TransCo bidding” –PSALM
The Power Sector Assets and Liabilities Management Corporation (PSALM) re-asserted its confidence that the bidding for the right to operate the National Transmission Corporation (TransCo) will push through on 12 December despite protestations from various parties.
“We are relying on the EPIRA which provides in no uncertain terms that the implementation of the EPIRA’s provisions can only be enjoined...
PSALM all set for TRANSCO Concession Bidding on December 12
The Power Sector Assets and Liabilities Management Corporation (PSALM) is ready to bid out the right to operate the National Transmission Corporation (TransCo) on 12 December.
“We are all set,” said PSALM President and Chief Executive Officer Jose C. Ibazeta, who stressed that only the right to operate TransCo through a concession, and not the corporation and its assets, would be bid out.
“This...
PSALM to close sale of Masinloc in first quarter 2008
The Power Sector Assets and Liabilities Management Corporation (PSALM) and AES- Masinloc Power Partners Co. Ltd. (AES-MPPCL), winning bidder for the 600-megawatt Masinloc Coal-Fired Thermal Power Plant, are set to close the sale of the facility by the first quarter of 2008, ahead of the May 2008 deadline provided under the purchase agreement for the power plant.
With the closing of the transaction,...
PSALM, National Power, TransCo discuss financial operations with IMF
"The privatization of the government's power assets is on track and we are optimizing the use of the privatization proceeds to reap maximum benefits for the Filipino people."
Thus declared Mr. Jose C. Ibazeta, president and chief executive officer of the Power Sector Assets and Liabilities Management Corporation (PSALM), during a meeting with representatives from the International Monetary Fund...
PSALM recognizes support of DOF, DOE, other gov’t agencies
The Power Sector Assets and Liabilities Management Corporation (PSALM) acknowledged the support and assistance of other government agencies in the privatization of the National Transmission Corp. (TransCo). “As I’ve said before, everything is in place for the bidding for the right to operate TransCo. We would not have gotten this far if not for the support of almost the entire Executive branch...