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Year: 2010

Prospective bidders remain keen on BacMan geothermal plant acquisition


At least four prospective bidders remain keen on acquiring the 150-megawatt (MW) BacMan geothermal power plants located in Manito, Albay and Sorsogon City, Sorsogon as they attended the Pre-bid Conference conducted by the Power Sector Assets and Liabilities Management (PSALM) Corporation Tuesday, 06 April 2010. The bidders sought to clarify provisions of the Bidding Procedures in preparation for...

Caminero named acting president and CEO of PSALM


Ma. Luz L. Caminero was recently designated acting president and chief executive officer of the Power Sector Assets and Liabilities Management (PSALM) Corporation vice Mr. Jose C. Ibazeta, who was designated acting secretary of the Department of Energy. Atty. Caminero's appointment papers were signed by President Gloria Macapagal-Arroyo last 25 March 2010. Prior to her designation, Atty. Caminero...

PSALM to issue bonds by April


The Power Sector Assets and Liabilities Management (PSALM) Corporation plans to raise PhP20 billion through a peso retail bond issue within April this year. The retail bonds will consist of 5-year and 7-year maturities that will be offered to both retail and institutional investors. The retail bonds are expected to be priced on 12 April, with interest to be set via an auction facilitated by the...

PSALM discusses Angat water protocol with prospective bidders


The draft protocol for the use and the release of water passing through the Angat Hydroelectric Power Plant (HEPP) was recently discussed by the Power Sector Assets and Liabilities Management (PSALM) Corporation with prospective bidders for the power facility as PSALM pressed forward with the privatization of the Angat HEPP. In a forum held last Tuesday (30 March 2010), PSALM presented the draft...

PSALM sets sale of BacMan geothermal plant package


The Power Sector Assets and Liabilities Management (PSALM) Corporation formally launched the sale process for the 150-megawatt (MW) BacMan geothermal power plant package located in the provinces of Albay and Sorsogon with the publication of the Invitation to Bid (ITB) today (17 March 2010). The ITB, which will run until Friday, 19 March 2010, specifies that the sale will include the BacMan I Geothermal...




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