On 29 December 2023, the Department of Transportation (DOTr) paid Power Sector Assets and Liabilities Management Corporation (PSALM) the amount of PHP5,176,063,000.00 representing the first tranche of the purchase price for the Sucat Properties equivalent to 100% of the value of the titled land. ...
PSALM obtains clearance from PCC on the sale of Casecnan hydro power plant
On 30 January 2024, the Power Sector Assets and Liabilities Management Corporation (PSALM) received the Philippine Competition Commission (PCC) Certification for its clearance on the sale of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP) by PSALM and the National Irrigation Administration (NIA) to Fresh River Lakes Corporation (FLRC). Following PCC’s clearance, PSALM issued its Certificate of Effectivity to FLRC on 31 January 2024 which marked the Casecnan Final Transaction Documents effective and binding among the Parties composed of PSALM, NIA and FRLC. ...