PSALM residual debt less than USD4B in 2026
The Power Sector Assets and Liabilities Management (PSALM) Corporation said that the indicative USD3.7-billion residual debt at the end of PSALM's corporate life in 2026 is exclusively based on current privatization proceeds and maturing financial obligations and is, theoretically, stranded debt as presented to Congress.
This was the response of PSALM President and Chief Executive Officer Emmanuel...
PSALM to reduce obligations to USD3.78B by 2026
The Power Sector Assets and Liabilities Management (PSALM) Corporation expects to significantly reduce its financial obligations to USD3.78 billion by 2026 when it factors in all payments from the privatization of the power plants and the proceeds from the National Power Corporation's (NPC) contracted capacities in the independent power producer (IPP) plants it had successfully bid out through transparent...
Shell to supply lubricants for power barges
Pilipinas Shell Petroleum Corp. will supply the 2011 engine-lubricating oil (ELO) requirements of the power barges of the Power Sector Assets and Liabilities Management (PSALM) Corporation.
In simple ceremonies held in Makati City yesterday (17 February 2011), PSALM and Shell officially signed the contract agreement amounting to PhP98 million (PhP98,164,167.00) for the supply and delivery of 1.1...
We write to express our concern regarding the article entitled "PSALM DIRECTED TO EXPLAIN ITS SUPPLY CONTRACTS VIOLATIONS" written by Ms. Myrna M. Velasco and published in the Manila Bulletin on 02 February 2011.
The Power Sector Assets and Liabilities Management (PSALM) Corporation would like to take this opportunity to point out some items that need to be clarified.
PSALM did not commit any...
Clarification
The Power Sector Assets and Liabilities Management (PSALM) Corporation would like to clarify recent media reports stating that it has yet to receive a formal resolution from the Supreme Court (SC) regarding its request for repairs and rehabilitation works in the Angat Dam in Bulacan Province. In its en banc resolution dated 28 September 2010, the SC granted and allowed PSALM's motion dated 17 September...