PSALM responds to the issues raised by Myrna Velasco of the Manila Bulletin in her article titled, "COA uncovers 'doubtful' PSALM accounts," dated 28 February 2012

The Power Sector Assets and Liabilities Management (PSALM) Corporation seeks to clarify the allegations made by Ms. Myrna M. Velasco in her article titled “COA uncovers ‘doubtful’ PSALM accounts” that was published in the Manila Bulletin on 28 February 2012.

Ms. Velasco claimed in her article that a report from the Commission on Audit (CoA) has revealed...

PSALM pursues UC approval before ERC

The Power Sector Assets and Liabilities Management (PSALM) Corporation is pursuing the approval by the Energy Regulatory Commission (ERC) of the full amount of the Universal Charge (UC) for stranded debts (SD) and stranded contract costs (SCC) determined at PhP0.03 per kilowatt hour (kWh) and PhP0.36 per kWh, respectively. PSALM filed the petitions for the UC rates for SD and SCC last June 2011....

Eleven bidders eye power barges

The Power Sector Assets and Liabilities Management (PSALM) Corporation recently disclosed that 11 investors have signified their intent to participate in the privatization of the diesel-fired Power Barge (PB) Nos. 101, 102, 103 and 104. According to PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr., 11 prospective bidders comprising both local and foreign companies submitted preliminary...

PSALM to procure imported coal for Naga complex

The Power Sector Assets and Liabilities Management (PSALM) Corporation is looking for suppliers of imported coal for the Naga Power Plant Complex located in Naga, Cebu Province. The procurement project for the supply and delivery of 104,000 metric tons of imported steaming coal to the Naga facility has an approved budget of USD16.8 million (USD16,815,782.00). PSALM's Invitation to Bid was published...

PSALM seeks operator for Naga complex

The Power Sector Assets and Liabilities Management (PSALM) Corporation commenced the selection process for an operator for the 145.8-megawatt (MW) Naga Power Plant Complex whose Rehabilitate-Operate-Maintain-and-Manage (ROMM) contract will expire in March 2012. PSALM announced the procurement of the Operation and Maintenance Service Contract (OMSC) for the Naga facility through an Invitation to...