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Year: 2014

PSALM develops strategic plan for real estate assets


The Power Sector Assets and Liabilities Management (PSALM) Corporation has developed a strategic plan for the management and privatization of its real estate properties, the government's power privatization firm announced. "As stipulated in Republic Act No. 9136, the Electric Power Industry Reform Act (EPIRA), PSALM is mandated to ensure the orderly privatization of government's power and related...

Malaya plant operator set to undertake Unit 1 overhauling


STX Marine Service Co. Ltd., the current operator of the Malaya Thermal Power Plant (TPP), has been awarded the contract to overhaul the Rizal-based power plant's Unit 1, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported recently. "The procurement of services and spare parts for the turbine/generator overhauling and other related works for the Malaya TPP's Unit 1 has...

PSALM lists possible contractors for gensets


The Power Sector Assets and Liabilities Management (PSALM) Corporation has been tasked by the Department of Energy to engage in exploratory discussions with companies for the purchase or lease of generator sets as a measure to address the anticipated power crisis in the summer months of 2015. Section 71 of Republic Act No. 9136, the Electric Power Industry Reform Act of 2001 (EPIRA), provides: "Section...

K-Water to take over Angat hydro plant


Effective midnight of 31 October 2014, Korea Water Resources Corporation (K-Water) will officially take over the operations of the 218-megawatt (MW) Angat Hydroelectric Power Plant (HEPP), the Power Sector Assets and Liabilities Management (PSALM) Corporation has reported. PSALM made the announcement after it confirmed K-Water's full payment of the purchase price for the Angat HEPP on Friday, 31...

Fuel shift of Ilijan plant may fall short to augmenting 2015 power lack - PSALM


"The 1,200-megawatt (MW) Ilijan combined-cycle power plant's proposed fuel shift from biodiesel to pure diesel will not provide assurance that the load of the plant's Block 1 would increase from 420 MW to 600 MW whenever the natural gas supply from the Malampaya is not available," Power Sector Assets and Liabilities Management (PSALM) Corporation President and Chief Executive Officer Emmanuel R. Ledesma,...




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