Newsroom
Year: 2009

President Arroyo cites PSALM ISO Certification


President Gloria Macapagal-Arroyo recently cited the Power Sector Assets and Liabilities Management (PSALM) Corporation for having obtained ISO (International Organization for Standardization) 9001 Quality Management Systems (QMS) Certification for its business processes that now conform to internationally-recognized management standards. PSALM, along with 34 national and local government units,...

PSALM prepays export credit facility obtained in 2003


The Power Sector Assets and Liabilities Management (PSALM) Corporation last 14 December 2009 successfully conducted another loan prepayment as it continues to earnestly pursue its liability management program. PSALM prepaid the Export Credit Facility obtained by the National Power Corporation in 2003 from the Erste Bank der Oesterreicheischen Sparkassen AG (EBOS), one of the largest bank groups...

A triple treat for PSALM in 2009 Triple A Regional Awards


The Power Sector Assets and Liabilities Management (PSALM) Corporation recently received three awards from the renowned Asset Magazine in recognition of PSALM's effective and diligent implementation of its power privatization and liability management programs. The honor was bestowed by the publication's 2009 Triple A Regional Awards, an annual event that recognizes institutions and individuals that...

San Miguel subsidiary posts highest bid for San Roque IPPA, APHC takes Bakun-Benguet capacity package


The Power Sector Assets and Liabilities Management (PSALM) Corporation Tuesday (15 December 2009) successfully bid out the management of the contracted capacities of the San Roque, Bakun, and Benguet hydroelectric power plants as it moved closer to achieving the last precondition to the inception of open access and retail competition in the Philippine power sector. Strategic Power Devt. Corp. (SPDC),...

PSALM turns over Calaca power plant to DMCIHI


The privatization of the 600-megawatt (MW) Batangas Coal-Fired Thermal Power Plant was formally closed Thursday, 03 December 2009, through a simple ceremonial turnover conducted by the Power Sector Assets and Liabilities Management (PSALM) Corporation. Before the ceremony held at its Makati City office, PSALM received USD150.79 million (USD150,790,000.00) from new owner DMCI Holdings, Inc. (DMCIHI)...