PSALM commences Mindanao Coal IPPA appointment
With the publication of the Invitation to Bid (ITB), the Power Sector Assets and Liabilities Management (PSALM) Corporation has commenced the selection and appointment of Independent Power Producer Administrator (IPPA) for the 200 MW Mindanao Coal-Fired Thermal Power Plant (Mindanao Coal).
The ITB was published in local newspapers beginning on Wednesday (25 March 2015) until Friday (27 March 2015).
"The...
PSALM, NPC sign new O&M Agreement
On Tuesday (10 March 2015), the Power Sector Assets and Liabilities Management (PSALM) Corporation has renewed its Operation and Maintenance Agreement (OMA) with the National Power Corporation (NPC) through a simple signing ceremony.
"Under the guidance of the Board of Directors of PSALM and NPC, we are happy to report that we have completed negotiations on the OMA with NPC, which will remain PSALM's...
Appointment of IPPA for Bulk Energy for Unified Leyte opens
The Power Sector Assets and Liabilities Management (PSALM) Corporation has initiated its selection and appointment of the Independent Power Producer Administrator (IPPA) for the Bulk Energy of the Unified Leyte Geothermal Power Plants (ULGPP), with its publication of the Invitation to Bid (ITB) in local newspapers beginning on Wednesday (11 March 2015) until Friday (13 March 2015).
"With the ITB...
PSALM procures fuel for plants
Through an Invitation to Bid (ITB) published on Tuesday (10 March 2015), the Power Sector Assets and Liabilities Management (PSALM) Corporation has commenced its procurement projects for the supply and delivery of industrial fuel oil (IFO) for several power plants this year.
The ITB stated that PSALM will procure a total of 235 million liters of IFO, with an accumulated budget of PhP5.44 billion...
Privatization gains trim down PSALM's financial obligations
The success of the Power Sector Assets and Liabilities Management (PSALM) Corporation's privatization program has helped trim down the financial obligations it assumed from the National Power Corporation (NPC) under the Electric Power Industry Reform Act (EPIRA) by 42%, or from PhP1.2 trillion as of end-December 2000 - inclusive of interest - to PhP698.9 billion as of end-2014. "Broken down, the...