PSALM to validate Meralco's PhP10-billion claim
The Power Sector Assets and Liabilities Management (PSALM) Corporation has not officially received the newly increased refund claim of the Manila Electric Co. (Meralco) from PhP9.1 billion to PhP10 billion so it will still have to validate the basis of Meralco's computation.
PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. clarifies that PSALM charges Meralco a time-of-use (TOU)...
The Supreme Court decision on the Angat power plant privatization
The following are excerpts directly quoted from the decision of the Supreme Court in the case of IDEALS, Inc. v. PSALM.
Privatization of AHEPP Mandatory Under EPIRA
x x x
The intent of Congress not to exclude the AHEPP from the privatization of NPC generation assets is evident from the express provision exempting only the aforesaid two power...
PSALM to bid out Naga complex OMSC in November
The Power Sector Assets and Liabilities Management (PSALM) Corporation will resume the bidding for the one-year operation and maintenance service contract (OMSC) of the 145.8-megawatt (MW) Naga Power Plant Complex on 20 November 2012.
In its Invitation to Bid (ITB) published Wednesday, 24 October 2012, PSALM indicated that interested parties must have completed a contract similar to the Naga OMSC...
PSALM rebids O&M contract for Malaya plant
The Power Sector Assets and Liabilities Management (PSALM) Corporation will rebid the operation and maintenance service contract (OMSC) for the 650-megawatt (MW) Malaya Thermal Power Plant after declaring the first round of bidding a failure.
In its Invitation to Bid (ITB) published on Thursday, 06 September 2012, PSALM said interested bidders for the one-year Malaya OMSC, which has an approved...
Naga Complex OMSC bidding fails anew
The Power Sector Assets and Liabilities Management (PSALM) Corporation on Friday (23 November 2012) declared a failure of bidding for its procurement of the operation and maintenance service contract (OMSC) for the 145.8-megawatt (MW) Naga Power Plant Complex located in Naga City, Cebu. "Since no bidder submitted a proposal for the Naga complex OMSC, the PSALM Bids and Awards Committee declared...