Newsroom
Year: 2018

PEZA to study PSALM’s real estate assets suitability for conversion into economic zones


As part of an initiative to help boost the development of economic zones in the country, the Power Sector Assets and Liabilities Management Corporation (PSALM), through the Philippine Economic Zone Authority (PEZA), has started the suitability study of its real estate assets for conversion into economic sites, with nine sites situated in various locations in Metro Manila, Pampanga, and Bataan already covered for further assessment. ...

PSALM’s total debt servicing reaches PhP1.47 trillion


Power Sector Assets and Liabilities Management Corporation’s (PSALM) debt servicing, which spans 16 years (2001-2017), has reached PhP1.47 trillion as of end of 2017, inclusive of interest and other charges. These payments covered PhP555.7 billion maturing IPP obligations, PhP567.7 billion principal debts and PhP346 billion interest and other charges....

PSALM lays down privatization plans for 2018


The Power Sector Assets and Liabilities Management (PSALM) Corporation is bent on achieving its privatization targets this year, particularly the sale of its expensive plants to cut on operational costs and to augment funds for paying-off its assumed obligations that will significantly benefit the government and the electricity end-users....