JICA study backs PSALM's debt liquidation strategies, systems in UC management and collection
The encouraging results of a study conducted by the Japan International Cooperation Agency (JICA) have further strengthened the resolve of the Power Sector Assets and Liabilities Management (PSALM) Corporation to effectively and strategically fulfill its mandate as specified in the Electric Power Industry Reform Act (EPIRA).
In its two-pronged study undertaken in 2009, the JICA analyzed the asset...
12 bidders attend pre-bid conference for Angat HEPP sale
At least 12 prospective investors participated in the pre-bid conference for the privatization of the 246-megawatt Angat Hydroelectric Power Plant (HEPP) that the Power Sector Assets and Liabilities (PSALM) Corporation conducted last Wednesday (17 February 2010).
The interested parties met with PSALM officials and the technical working group to discuss the sale structure of the Angat HEPP. The pre-bid...
The Power Sector Assets and Liabilities Management (PSALM) Corporation yesterday (11 February 2010) met with prospective independent power producer administrators (IPPAs) of the government's 1,200-megawatt (MW) contracted capacity in the Ilijan Natural Gas Combined Cycle Power Plant to discuss the bidding procedures.
At least five interested parties attended the pre-bid conference conducted by PSALM...
PSALM to raise PhP20 billion via peso bond offer
The Power Sector Assets and Liabilities Management (PSALM) Corporation plans to raise at least PhP20 billion from the local bond market to take advantage of domestic market liquidity and the low interest rate environment.
According to PSALM, the proceeds will be used to augment its working capital requirements and bolster its liability management program.
The issue date is targeted within...
Angat Dam not for sale
Allow us the opportunity to clarify statements made by Mr. Erick San Juan in his letter titled "Oppose privatization of the 'last dam standing" (Philippine Daily Inquirer, 22 February 2010) that discussed the privatization of the 246-megawatt Angat hydroelectric power plant (HEPP). Mr. San Juan's statement that the sale of the Angat Dam "in effect, would turn over the lifeblood of the country's...