News Room
Year: 2020

PSALM releases Minimum Bid Price for the sale of Malaya Power Plant and its underlying land


The Power Sector Assets and Liabilities Management Corporation (PSALM) announces in its latest Bid Bulletin that the Minimum Bid Price set by its Board of Directors for the privatization of the 650-megawatt Malaya Thermal Power Plant (MTPP) and its underlying land is P2,188,400,000.00....

PSALM thanks SAMELCO I for its prepayment


The Power Sector Assets and Liabilities Management (PSALM) Corporation received on 27 August 2020 the amount of P222,468,021.95 from Samar I Electric Cooperative, Inc. (SAMELCO I) as prepayment for its restructured payables to PSALM. The prepayment was remitted to PSALM via loan secured by SAMELCO 1 from Development Bank of the Philippines (DBP)....

PSALM sells 3 real estate assets to Aboitiz, Lopez firms (By Myrna M. Velasco, Manila Bulletin)


State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has successfully auctioned three of its real estate assets to subsidiaries of the Aboitiz and Lopez conglomerates. These properties are located in Agusan in Manolo Fortich Bukidnon; Maco in Davao de Oro City; and Nasipit, Agusan del Norte which fetched cumulative proceeds of P36.233 million....

PSALM successfully sells its Agusan, Maco and Nasipit real estate assets


The Power Sector Assets and Liabilities Management Corporation (PSALM) successfully privatized today its real estate assets located in Agusan, Maco and Nasipit, raising a total of P36,233,308.00 that can be utilized to pay for remaining liabilities of the National Power Corporation (NPC)....

PSALM welcomes the issuance of EO No. 117


Pursuant to Republic Act No. 7160 or the Local Government Code of 1991, President Rodrigo Roa Duterte recently signed Executive Order (EO) No. 117, which reduces the 2019 real property tax (RPT) due on property, machinery and equipment used for production of electricity by independent power producers (IPPs) covered by build-operate-transfer contracts (BOTs) with government-owned or controlled corporations (GOCCs). Since the said RPT is contractually passed on to these GOCCs, EO 117 mandates the reduction of such RPT obligations....




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