Newsroom
Year: 2019

PSALM completes the Architectural Concept Design Competition for its Diliman Property


The Power Sector Assets and Liabilities Management Corporation (PSALM) has selected the architectural conceptual design submitted by WTA Design Studio as the winning conceptual design for PSALM’s Diliman property. This is the culmination of a three-day rigorous selection process held from 03 July 2019 to 05 July 2019 at the headquarters of PSALM....

PSALM is selling land properties in Aplaya, Jasaan, Misamis Oriental and in Toledo City, Cebu


The Power Sector Assets and Liabilities Management Corporation (PSALM) has initiated the privatization of land assets located in Barangay Aplaya, Jasaan, Misamis Oriental and in Toledo City, Cebu. The sale of these land assets is on an “as is, where is” basis....

PSALM's Official Statement on the Ilijan Power Plant IPPA AA Case


The Orders recently issued by the Regional Trial Court of Mandaluyong (RTC Mandaluyong) denying the Motion for Reconsideration of PSALM are purely on procedural and jurisdictional matters. The Orders did not pass upon the substance of the termination by PSALM of the Independent Power Producer Administration Agreement (IPPA Agreement) with South Premiere Power Corp. (SPPC) (a subsidiary of SMC Global Power Holdings Corp.) by reason of the latter’s breach of contract and default. It is therefore wrong to publicly claim that the RTC Mandaluyong has already upheld the legal position of SPPC relative to the termination of the IPPAA....

PricewaterhouseCoopers (PwC) Philippines wins consultancy bidding for appraisal of Malaya TPP and its underlying land


After undergoing a long and arduous procurement process marked with two failed public biddings and four failed negotiated procurements, PSALM has finally engaged a consultancy firm for the valuation of the Malaya Thermal Power Plant (Malaya TPP) and its underlying land. On 04 March 2019, PwC Philippines scored highest among three competing consultancy firms during the negotiated procurement anchored on a Quality-Based Evaluation Procedure that PSALM conducted. ...

PSALM shortlists five firms for Diliman property design contest


After a rigorous selection process, the Power Sector Assets and Liabilities Management Corporation (PSALM) shortlists five architectural firms that will proceed to the Second Stage of the Architectural Conceptual Design Contest for the master planning and redevelopment of the 5.1-hectare Diliman property. These firms are expected to design a development concept based on the highest and best use of the property....