PSALM awards Malaya OMSC to Korean STX Marine
The Power Sector Assets and Liabilities Management (PSALM) Corporation has awarded the one-year Operation and Maintenance Service Contract (OMSC) for the 650-megawatt (MW) Malaya Thermal Power Plant (TPP) to Korean firm STX Marine Service Co. Ltd.
"On 30 September 2014, PSALM issued the notice to STX Marine awarding the Malaya OMSC to the Korea-based firm," PSALM President and Chief Executive Officer...
PSALM turns over Naga power plant
The Power Sector Assets and Liabilities Management (PSALM) Corporation on Thursday (25 September 2014) turned over the 153.1-megawatt (MW) Naga Power Plant to its new owner, SPC Power Corporation.
"Effective 10:00 a.m. on 25 September 2014, coinciding with the lapse of the Operation and Maintenance Service Contract (OMSC) of the Naga power facility, SPC is the new owner and operator of the Cebu-based...
FDC Misamis tops Mt. Apo IPPA auction
FDC Misamis Power Corporation emerged as the highest bidder for the Power Sector Assets and Liabilities Management (PSALM) Corporation's selection and appointment of the Independent Power Producer Administrator (IPPA) for the output of the Mindanao I and II (Mt. Apo 1 and 2) Geothermal Power Plants, PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. disclosed.
Mr. Ledesma specified...
7 investor groups remain in Mt. Apo IPPA auction
The Power Sector Assets and Liabilities Management (PSALM) Corporation recently reported that the qualified bidders for its selection and appointment of the Independent Power Producer Administrator (IPPA) for the output of the Mindanao I and II (Mt. Apo 1 and 2) Geothermal Power Plants has been narrowed down to seven (7) investor groups.
"Based on the evaluation conducted by PSALM of the Documentary...
PSALM Corporation's Statement on the Availability of Malaya during 2015 Malampaya Shutdown
"The technical difficulties encountered by Malaya Thermal Power Plant make its availability and dependability during the Malampaya shutdown from March to June 2015 uncertain," Power Sector Assets and Liabilities Management (PSALM) Corporation President and CEO Emmanuel R. Ledesma, Jr. stated. Malaya Thermal Power Plant (Malaya) is a forty (40)-year old plant, composed of two (2) units with a dependable...