PSALM to explore other sources to settle stranded obligations
The Power Sector Assets and Liabilities Management (PSALM) Corporation will study the implications of the proposal suggested by some lawmakers to withdraw petitions filed for the recovery of the Universal Charge (UC) for stranded debts (SD) and stranded contract costs (SCC).
According to PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr., PSALM is awaiting the formal resolution...
SPC Power Consortium to operate Malaya Plant
The Power Sector Assets and Liabilities Management (PSALM) Corporation awarded in favor of the joint venture of SPC Light Company and SPC Power Corporation (SPC Power Consortium) the operation and maintenance service contract (OMSC) for the 650-megawatt (MW) Malaya Thermal Power Plant.
According to PSALM President and Chief Executive Officer Emmanuel R. Ledesma Jr., the Bids and Awards Committee...
PSALM defers privatization of the Naga Complex
The Power Sector Assets and Liabilities Management (PSALM) Corporation will defer the privatization of the Naga Power Plant Complex.
According to PSALM President and Chief Executive Officer, Mr. Emmanuel R. Ledesma, Jr., the PSALM Board of Directors decided to grant the request of the Joint Congressional Power Committee (JCPC) to conduct further review on the allegedly unfair and illegal condition...
PSALM conducts Naga IPPA Pre-bid Conference
The Power Sector Assets and Liabilities Management (PSALM) Corporation conducted a Pre-bid Conference last Friday, 12 August 2011, as it pursues its mandate to appoint an Independent Power Producer Administrator (IPPA) that will manage the contracted capacity of the Naga Power Plant Complex. Various investor groups warmly welcomed the resumption of the government's privatization program pursuant to...
EDCOP to undertake safety study on Angat facilities
The Power Sector Assets and Liabilities Management (PSALM) Corporation will procure the services of the Engineering Development Corporation of the Philippines (EDCOP), one of the leading engineering consultancy companies in the country, to conduct a safety study on the Angat Dam and Dike in Norzagaray, Bulacan. According to PSALM President and CEO, Emmanuel R. Ledesma, Jr., PSALM recently issued...