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. ...
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 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. ...