Newsroom
Year: 2019

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....

PSALM continues settlement of indemnities for Power Barge 103 oil spill


The Power Sector Assets and Liabilities Management Corporation (PSALM) resumed on 11 April 2019 its distribution of compensation checks to individuals, families, and enterprises who were affected by the Power Barge (PB) 103 Oil Spill at the height of Super Typhoon Yolanda in 08 November 2013. The 32-megawatt PB 103 was then moored at Brgy. Botongon in the Municipality of Estancia, Iloilo when it was swept aground due to strong winds and storm surge. ...

PSALM found ISO-compliant, receives certification in second Surveillance Audit


The Power Sector Assets and Liabilities Management Corporation (PSALM) adheres to international standards for its quality management system (QMS), as confirmed by third party auditor TÜV Rheinland after its extensive audit last 03 December 2018 on PSALM’s business processes and quality objectives....

PSALM sets 05 April 2019 as new deadline for requirements of design contest


The Power Sector Assets and Liabilities Management Corporation (PSALM) has set 05 April 2019 at 4:00 PM as the new deadline for the submission of expressions of interest and first stage requirements of the Architectural Conceptual Design Contest. The postponement of the original schedule, 22 March 2019, would allot more time to update the contest’s mechanics and to consider the preparation of the eligibility requirements from interested participants....

PSALM achieves 96% overall satisfaction rating among business partners


The Power Sector Assets and Liabilities Management Corporation (PSALM) achieved a 96% overall satisfaction rating in the 2018 Customer Satisfaction Survey conducted with its 148 business partners operating across the country. This rating is equivalent to a mean score of 4.4 or a “Satisfactory” descriptive rating. ...