PSALM engages services of legal consultant for claims against Lehman Brothers
The Power Sector Assets and Liabilities Management (PSALM) Corporation has engaged the services of Pinsent Masons as legal counsel for its USD3.4-million claim against Lehman Brothers Special Financing, Inc. (LBSF) following a successfully concluded negotiated bidding, according to PSALM President and Chief Executive Officer Emmanuel R. Ledesma Jr.
PSALM made the announcement after it issued the...
PSALM starts sale of power barges
The Power Sector Assets and Liabilities Management (PSALM) Corporation continues the government's power privatization program with the issuance of the Invitation to Bid (ITB) for the auction of the diesel-fired Power Barges 101, 102, 103 and 104 capable of generating 32 megawatts (MW) each.
According to PSALM President and Chief Executive Officer Emmanuel R. Ledesma Jr., the bidding of the power...
PSALM extends the Ecozone Rate Program
The Power Sector Assets and Liabilities Management (PSALM) Corporation has effectively extended the Ecozone Rate Program (ERP) with the extension of its Transition Supply Contract (TSC) with the Manila Electric Company (Meralco) for a maximum period of one year or until three months after the introduction of open access and retail competition, whichever comes earlier, subject to the approval of the...
PSALM invites bidders to supply fuel requirements
The Power Sector Assets and Liabilities Management (PSALM) Corporation is currently inviting interested bidders to supply and deliver the oil-based fuel requirements of seven power facilities that include the 149-megawatt (MW) Naga Power Plant Complex, the 55-MW bunker-fired power facility of Southern Philippines Power Corporation (SPPC), the 100-MW diesel plant of Western Mindanao Power Corporation...