PSALM starts sale of Iligan diesel complex
The Power Sector Assets and Liabilities Management Corporation (PSALM) today (07 July 2008) opened the sale process for the 114-megawatt Iligan I & II Diesel Power Plant (IDPP 1&2) Complex in Northern Mindanao as it begins implementing the government's power privatization program for the second semester.
The IDPP 1&2 Invitation to Bid (ITB), which PSALM is publishing in local newspapers starting...
PSALM reschedules bidding for Amlan, Tiwi-MakBan power plants
The Power Sector Assets and Liabilities Management Corporation (PSALM) has rescheduled the bidding for the 0.8-megawatt (MW) Amlan Hydroelectric Power Plant, and the 289-MW Tiwi and 458.53-MW MakBan geothermal power facilities to accommodate the request of prospective bidders who said they needed more time to conduct their due diligence activities.
PSALM, for its part, will have more leeway in threshing...
7 investor groups attend Limay pre-bid conference
The seven interested parties in the sale of the 620-megawatt (MW) Limay Combined Cycle Power Plant attended the pre-bid conference conducted yesterday (04 June 2008) by the Power Sector Assets and Liabilities Management Corporation (PSALM) at its Makati office.
The seven investor groups, who beat last Friday's (30 May 2008) deadline for the submission of the initial requirements, met with PSALM...
Disclaimer by PSALM President Jose C. Ibazeta
The article in the Philippine Star issue of 3 June 2008 entitled "PSALM head tells Congress: No need to amend EPIRA" and written by Jess Diaz is false and misleading. It is not true that the President of the Power Sector Assets and Liabilities Management Corporation (PSALM), Mr. Jose C. Ibazeta, told Congress that there is no need to amend the EPIRA and that he rejected the proposal to amend the Electric...
PSALM turns over Ambuklao-Binga power complex to winning bidder
The Power Sector Assets and Liabilities Management Corporation (PSALM) will formally turn over today (10 July) the 75-megawatt Ambuklao and 100-MW Binga Hydroelectric Power Complex to SN Aboitiz Power Benguet Inc. (SNAP Benguet) in simple ceremonies at the PSALM Makati office. With an offer of USD325 million for the Benguet-based facilities, SNAP Benguet was declared the highest bidder for the Ambuklao-Binga...