PSALM conducts pre-bid conference for Malaya plant operations and maintenance
The Power Sector Assets and Liabilities Management Corporation (PSALM) afforded interested bidders the opportunity to clarify any concerns they have on the bidding document, the scope of work and other details relative to the procurement of a one (1) year Operation and Maintenance Service Contract (OMSC) for the 650-megawatt (MW) Malaya Thermal Power Plant (MTPP) through a pre-bid conference held last 02 May 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....
PSALM declares Shell and Phoenix as winning bidders for its 2018 oil requirements
The Power Sector Assets and Liabilities Management Corporation (PSALM) declared Pilipinas Shell Petroleum Corporation and Phoenix Petroleum Philippines, Inc. as the winning bidders for the procurement of supply and delivery of oil-based fuel for Ilijan Natural Gas Power Plant (INGPP) and Malaya Thermal Power Plant (MTPP) for CY 2018. ...