Government firms up 2008 power assets sale program
Determined to hit its power privatization targets this year, the Power Sector Assets and Liabilities Management Corporation (PSALM) today (03 September 2008) firmed up the sale of more generating assets, including decommissioned or retired power plants, of the National Power Corporation through the issuance of three Invitations to Bid (ITBs).
The publication of the ITBs, which will end on Friday...
PSALM receives full payment for Ambuklao-Binga power complex
The Power Sector Assets and Liabilities Management Corporation (PSALM) is expected to embark on another prepayment service after it received the full payment for the 75 megawatt (MW) Ambuklao and 100 MW Binga Hydroelectric Power Plants that the power firm successfully privatized through a public bidding last November 2007.
SN Aboitiz Power Benguet Inc. (SNAP Benguet), the winning bidder for the...
PSALM prepays USD219 million of National Power debt
The Power Sector Assets and Liabilities Management Corporation (PSALM) prepaid USD126 million and Y10.2 billion, or a total of USD219 million, of National Power Corporation's debt on 15 and 18 August, respectively. The amount represents the loans extended by the Asian Development Bank and the Japan Bank for International Cooperation (JBIC) for the Masinloc Coal-Fired Thermal Project which was successfully...
Iligan diesel plant sale attracts three investors
Three investor groups are keen on acquiring the 114-megawatt (MW) Iligan I & II Diesel Power Plant (IDPP 1&2) complex, the Power Sector Assets and Liabilities Management Corporation (PSALM) recently disclosed.
The three interested parties, which have all completed the preliminary requirements for the bidding, attended the Pre-bid Conference that PSALM organized at its main office in Makati City...
Gov't rebids 620-MW Limay combined-cycle plant
The Power Sector Assets and Liabilities Management Corporation (PSALM) today (22 September 2008) reopened the sale of the 620-megawatt (MW) Limay Combined Cycle Power Plant through its publication of the Invitation to Bid (ITB) in the country's major newspapers. The ITB, which will be published until Wednesday, 24 September 2008, requires interested parties to submit a Letter of Interest not later...