PSALM addresses financial requirements for 2011
The Power Sector Assets and Liabilities Management (PSALM) Corporation, as part of its liability management program, recently secured a PhP75-billion syndicated term loan facility (STLF) to augment its present working capital requirements and to partially refinance its existing financial obligations as prescribed in the Electric Power Industry Reform Act (EPIRA).
"PSALM is exploring various liability...
Power privatization program to resume in 2nd semester
The Power Sector Assets and Liabilities Management (PSALM) Corporation, in coordination with the Department of Energy (DOE), will resume the government's privatization program in the second semester of 2011.
PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said PSALM is aiming to start the bidding process for the Naga Complex Independent Power Producer Administrator (IPPA) by...
Four suppliers eye PSALM's fuel requirements for 2nd semester
At least four suppliers have expressed interest in bidding for the supply and the delivery of the oil-based fuel (OBF) requirements of the Power Sector Assets and Liabilities Management (PSALM) Corporation for the second semester of 2011.
The interested parties recently attended the Pre-bid Conference conducted by PSALM on the procurement project, which has a total approved budget of PhP9.4 billion...
PSALM: USD18 billion had been paid to settle NPC's debts
USD18 billion has already been paid to settle the financial obligations of the National Power Corporation (NPC) that stood at USD16.39 billion in 2001 when the Electric Power Industry Reform Act (EPIRA) was enacted.
The Power Sector Assets and Liabilities Management (PSALM) Corporation made the clarification in response to a media statement claiming that the privatization agency has failed to efficiently...
PSALM finalizes UC applications
Complying with the deadline set by the Energy Regulatory Commission (ERC), the Power Sector Assets and Liabilities Management (PSALM) Corporation is currently finalizing the amounts of the stranded debts (SD) and the stranded contract costs (SCC) of the National Power Corporation (NPC) to be recovered through the Universal Charge (UC). PSALM President and Chief Executive Officer Emmanuel R. Ledesma,...