Bidding for power barges moved to 16 May
The Power Sector Assets and Liabilities Management (PSALM) Corporation has moved the bidding date for the diesel-fired Power Barge (PB) Nos. 101, 102, 103 and 104 to 16 May 2012.
According to PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr., PSALM decided to extend the bid submission deadline by another month, specifically to 12 noon of 16 May 2012, upon the request of the bidders...
PSALM negotiates OMSC for Naga complex
The Power Sector Assets and Liabilities Management (PSALM) Corporation is negotiating a six-month Operation and Maintenance Service Contract (OSMC) for the Naga Power Plant Complex (NPPC) with SPC Power Corporation (SPC) pending the conduct of the second round of bidding for a one-year OMSC.
According to PSALM President and Chief Executive Officer Emmanuel R. Ledesma Jr., the negotiated procurement...
The Power Sector Assets and Liabilities Management (PSALM) Corporation seeks to clarify the allegations made by Mr. Herman Tiu Laurel in his DieHard III column titled "IPPs owe public USD9.99B" that was published in the Daily Tribune on 27 February 2012.
Mr. Laurel claimed that PSALM failed to retire its financial obligations that currently stand at USD18 billion despite the fact that it has sold...
11 bidders present in pre-bid for power barges urged to help ease Mindanao's power woes
The Power Sector Assets and Liabilities Management (PSALM) Corporation began its first privatization process for 2012 on a high note as all the 11 prospective bidders eyeing the diesel-fired Power Barge (PB) Nos. 101, 102, 103 and 104 attended the pre-bid conference conducted Wednesday, 29 February, at the PSALM offices in Makati City.
PSALM President and Chief Executive Officer Emmanuel R. Ledesma,...
PSALM clarifies Cebu Daily News article titled "Firm to continue operating Naga plant despite turnover"
This refers to the article titled "Firm to continue operating Naga plant despite turnover" written by Ms. Candeze R. Mongaya that was published in your paper on 26 March 2012. The Power Sector Assets and Liabilities Management (PSALM) Corporation wishes to clarify that Atty. Ina Alazas, the PSALM official quoted in the story, never mentioned that PSALM would assume responsibility for the 100 employees...