Bidding for Power Barges 101-104 fails
The Power Sector Assets and Liabilities Management (PSALM) Corporation on Wednesday, 16 May 2012, declared the bidding for Power Barge Nos. 101-104 a failure after only one of the seven qualified bidders submitted an offer for the assets.
Only ACTA Power, a joint venture between the power companies of Ayala Corporation's AC Energy Holdings and PHINMA's Trans-Asia Oil and Energy Development Corporation,...
PSALM to bid out Power Barges 101-104
The Power Sector Assets and Liabilities Management (PSALM) Corporation will bid out the diesel-fired Power Barge (PB) Nos. 101, 102, 103 and 104 on Wednesday, 16 May 2012, after finalizing all necessary governmental requirements for the bidding.
According to PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr., PSALM will push through with the sale of the power barges, the first...
PSALM incurs PhP15-billion losses in Mindanao
Contrary to claims that the government has been generating profits from power sales in the Mindanao grid, the Power Sector Assets and Liabilities Management (PSALM) Corporation actually incurred accumulated losses amounting to PhP15 billion from 2001 to 2011 from the operations of its power facilities in Mindanao.
PSALM made this statement to ensure utmost transparency to all relevant sectors as...
PSALM Retail Bonds cited as Top Traded Corporate Bond Issue of 2011
For the second straight year, the Power Sector Assets and Liabilities Management (PSALM) Corporation was conferred the Top Traded Corporate Bond Issue of the Year award by the Philippine Dealing System Holdings Corp. & Subsidiaries (PDS Group) for the successful issuance of its PhP30-billion Fixed Rate Retail Bonds.
The Fixed Rate Retail Bonds, also known as PSALM Retail Bonds, issued on 22 April...
PSALM rebids Naga complex O&M contract
The Power Sector Assets and Liabilities Management (PSALM) Corporation has reopened the selection process for an operator for the 145.8-megawatt (MW) Naga Power Plant Complex located in Naga City, Cebu. "We are now ready to commence the re-bidding for the procurement of the Operation and Maintenance Service Contract (OMSC) for the Naga facility after getting the approval of the PSALM Board on the...