Newsroom
Year: 2019

PSALM to rebid Jasaan, Misamis Oriental, Toledo City, Cebu and Laoag City, Ilocos Norte real estate assets


The Power Sector Assets and Liabilities Management Corporation (PSALM) will rebid its real estate assets (REAs) in Barangay Aplaya, Jasaan, Misamis Oriental, Toledo City, Cebu and in Laoag City, Ilocos Norte as soon as it has adjusted the bidding schedule and sought the approval of the PSALM Board to commence the second round of bidding....

PSALM thanks President Duterte for EO No.88 that reduces realty taxes of IPPs


The Power Sector Assets and Liabilities Management Corporation (PSALM) thanks President Rodrigo Duterte for issuing Executive Order No.88, which reduces real property tax (RPT) liabilities of those power generation facilities of independent power producers (IPPs) under Build-Operate-Transfer (BOT) arrangements. ...

PSALM lauds President Rodrigo Duterte’s signing of Murang Kuryente Act


The Power Sector Assets and Liabilities Management Corporation (PSALM) is very pleased that President Rodrigo Duterte has signed into law the “Murang Kuryente Act” or Republic Act 11371. PSALM believes this law will unburden power customers from paying additional Universal Charge for Stranded Contract Costs and Stranded Debts that could possibly amount to PHP0.86 per kilowatt-hour. ...

PSALM invites bidders for land asset in Laoag City


The Power Sector Assets and Liabilities Management Corporation (PSALM) is selling via public bidding its land asset in Laoag City, Ilocos Norte. The asset has a total area of about 3,530 square meters with a minimum bid price of PHP70,600,000.00. This asset used to be the location of the Laoag Diesel Power Plant....

PSALM reschedules bidding for Jasaan, Misamis Oriental and Toledo City, Cebu real estate assets


The Power Sector Assets and Liabilities Management Corporation (PSALM) has rescheduled the deadline for the bidding of its real estate assets (REA) located in Barangay Aplaya, Jasaan, Misamis Oriental and Toledo City, Cebu. The bidding that is now scheduled on 05 September 2019 at 12:00 PM allows interested bidders additional time to conduct their own due diligence activities. ...




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