PSALM procures IFO requisites of power plants
The Power Sector Assets and Liabilities Management (PSALM) Corporation has officially started - with the publication of an Invitation to Bid on Friday (04 April 2014) - its procurement of a total of 252.86 million liters of industrial fuel oil (IFO) for several power plants this year.
Specifically, PSALM announced that it will procure 115 million liters of IFO for the Western Mindanao Power Corporation...
PSALM declares Therma Power as highest bidder of Naga power plant
The Power Sector Assets and Liabilities Management (PSALM) Corporation has declared Therma Power Visayas, Inc. as the highest bidder of the third round of bidding for the sale of the 153.1-megawatt (MW) Naga Power Plant.
"At the bidding conducted by PSALM today (31 March 2014) Therma Power emerged as the highest with its bid of PhP1.09 billion (PhP1,088,800,000.00)," PSALM President and Chief Executive...
Genetron tops bidding for decommissioned Sucat power plant
Genetron International Marketing has emerged as the highest bidder in the sale of the decommissioned 850-megawatt (MW) Sucat Thermal Power Plant, the Power Sector Assets and Liabilities Management (PSALM) Corporation has reported on Monday (31 March 2014) after closing the bidding in its Makati City office.
PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said that Genetron submitted...
PSALM cautions that no rational conclusions can arise from simulations
"Simulations that aim to point the cause of the Manila Electric Co. (Meralco) price hike during the 2013 Malampaya shutdown to the non-dispatch of Malaya Thermal Power Plant (TPP) in the Wholesale Electricity Spot Market (WESM) trading process are fundamentally flawed and extraordinarily misleading," Power Sector Assets and Liabilities Management (PSALM) Corporation President and Chief Executive Officer...
PSALM launches first IPPA auction for Mindanao
The Power Sector Assets and Liabilities Management (PSALM) Corporation has launched its selection and appointment of the independent power producer administrator (IPPA) for the Mindanao I and II (Mt. Apo 1 and 2) Geothermal Power Plants - PSALM's first IPPA auction in the Mindanao region....