Photo Releases

 CY 2024

PSALM deliberates new strategies to resolve current corporate challenges and prepares action plans for possible corporate life extension  

PSALM’s top management and department managers convene for the three-day conduct of the 2024 Corporate Strategic Planning Workshop (CSPW) at…

PSALM holds blessing of its 10th floor Vertis North Corporate Center 1 office

The Power Sector Assets and Liabilities Management Corporation (PSALM) has leased another office on the 10th floor of Vertis North…

PSALM and NIA formally turn over Casecnan Hydroelectric Power Plant (HEPP) to Fresh River Lakes Corporation (FRLC)

Effective 26 February 2024 at 00:00 hours, FRLC, a subsidiary of First Gen Corporation, is the official owner and operator…

PSALM holds Pre-Documentary Deliverables Conference for CBK hydro power plants

The Power Sector Assets and Liabilities Management Corporation (PSALM) held the Pre-Documentary Deliverables Conference for the selection and appointment of…

PSALM Corporation successfully sells unserviceable structures and equipment of the Malaya Gas Turbine Units

In a move to generate additional revenue for the government, the Power Sector Assets and Liabilities Management (PSALM) Corporation has…


 CY 2023

PSALM successfully conducts 2023 Investors Forum at Asian Development Bank

The Power Sector Assets and Liabilities Management (PSALM) Corporation successfully conducted the 2023 Investors Forum, held on 01 December 2023…

PSALM garners recognition as a top-ranking GOCC in the CY 2022 Performance Scorecard for GOCCs

The Power Sector Assets and Liabilities Management (PSALM) Corporation has been recognized as a top-ranking Government-Owned and Controlled Corporation (GOCC)…

PSALM receives special recognitions from Philippine Electricity Market Corporation (PEMC)

The Power Sector Assets and Liabilities Management (PSALM) Corporation received four special recognitions from PEMC during the Wholesale Electricity Spot…

PSALM conducts 2023 Luzon Forum with Wholesale Electricity Spot Market (WESM) Trading Participants – Generation Companies

On 22 September 2023, the Power Sector Assets and Liabilities Management Corporation (PSALM) conducted the 2nd batch of the Luzon…

PSALM Sudipen Property Deed of Absolute Sale (DOAS) signed for PHP2.670 Mn  

The Power Sector Assets and Liabilities Management Corporation (PSALM) sold its Sudipen Property to the winning buyer, Mr. Rucil Evangelista…

Series of pre-bid conferences on the Terms of Sale of the Casecnan Hydroelectric Power Plant (CHEPP)

The Power Sector Assets and Liabilities Management Corporation (PSALM) held its second and third pre-bid conferences on 25 and 27…


 CY 2022

PSALM and Local Government of Baguio City sign MOA for the sale of Baguio land property

The Power Sector Assets and Liabilities Management Corporation (PSALM) and the Local Government of Baguio City signed on 09 December…

PSALM gets recognized by the GCG as top-ranking GOCC

The Power Sector Assets and Liabilities Management Corporation (PSALM) received a recognition on 05 December 2022 from the Governance Commission for…

PSALM holds pre-bid conference for Casecnan plant

The Power Sector Assets and Liabilities Management Corporation (PSALM) held a pre-bid conference on 22 November 2022 for the sale…

2022 Investors Forum

The Power Sector Assets and Liabilities Management Corporation (PSALM) held the 2022 Investors Forum on 12 October 2022 to showcase…

2022 Mindanao Power Customers Forum

On 15 September 2022, the Power Sector Assets and Liabilities Management Corporation (PSALM) conducted the 2022 Mindanao Power Customers Forum…

PSALM successfully bids out its Puerto Azul assets

The Power Sector Assets and Liabilities Management Corporation (PSALM) has successfully bid out its Puerto Azul assets on 02 February…

PSALM is happy to extend assistance to our Philippine Coast Guard frontliners. Thank you for the work that you do!

From the Philippine Coast Guard: 

Philippine Coast Guard (PCG) Commandant, CG Admiral Leopoldo V Laroya expresses his sincere gratitude…


 CY 2021

PSALM and NIA attend the ceremonial turnover of the Casecnan project

The Power Sector Assets and Liabilities Management Corporation (PSALM) joined the National Irrigation Administration (NIA) for the ceremonial turnover of…

PSALM successfully bids out its asset in Limay, Bataan

The Power Sector Assets and Liabilities Management Corporation (PSALM) declared on 09 November 2021 a successful public bidding for its…

Ceremonial Handover of MTPP Documents to Belgrove Power Corporation

In a simple ceremony held on 13 September 2021, the Power Sector Assets and Liabilities Management Corporation (PSALM), through its…

PSALM receives the purchase price & completes the sale of Malaya

The Power Sector Assets and Liabilities Management (PSALM) Corporation received today from Belgrove Power Corporation (Belgrove) the amount of PhP3,123,500,000.00…

PSALM thanks Mayor Joy Belmonte and the Quezon City LGU for facilitating the vaccination of PSALM personnel against COVID-19

The Power Sector Assets and Liabilities Management Corporation (PSALM) is grateful to Mayor Joy Belmonte and to the local government…

PSALM and Philippine Coast Guard (PCG) discuss Contract of Lease for Bagac property, ensure mutual benefit and support for each other's mandates

PSALM, led by its President and CEO Irene Besido Garcia, and PCG, led by Chief of Coast Guard Staff RAdm.…

PSALM and Philippine Coast Guard discuss extension of lease on assets, reaffirm mutual support of each other’s mandates

DOF Undersecretary Bayani Agabin, PSALM President & CEO Irene Besido-Garcia, and PSALM Vice President for Asset Management Group Arnold Francisco…


 CY 2020

PSALM holds pre-bid conference for the third round of bidding for Malaya power plant and underlying land

The Power Sector Assets and Liabilities Management Corporation (PSALM) held a pre-bid conference on 13 February 2020 as part of…


 CY 2019

Energy Family kicks off 2019 National Energy Consciousness Month

PSALM joined the Department of Energy (DOE) and the rest of the energy family in launching the 2019 National Energy…

PSALM successfully bids out its land property in Camarines Sur

In its second round of bidding held on 16 October 2019, PSALM successfully bid out the 193-square-meter land property in…

PSALM transfers Bauang Property to Provincial Government of La Union

The Power Sector Assets and Liabilities Management Corporation (PSALM) has successfully achieved another milestone in its privatization efforts as it…

PSALM to conduct feasibility study on winning Architectural Conceptual Design

The winning architectural conceptual design for the development of the Diliman property that the Power Sector Assets and Liabilities Management…

PSALM holds pre-bid conference for the sale of its land properties in Jasaan, Misamis Oriental and in Toledo City, Cebu

The Power Sector Assets and Liabilities Management Corporation (PSALM) held a pre-bid conference on 12 July 2019 for the privatization…

Annual Visayas Power Customers Forum staged

The Power Sector Assets and Liabilities Management Corporation (PSALM) gathered its Visayas power customers to its annual Power Customers Forum…

PSALM completes Architectural Concept Design Competition

The Power Sector Assets and Liabilities Management Corporation (PSALM) has selected the architectural conceptual design submitted by WTA Design Studio…

Design contest finalists consult with PSALM

PSALM recently conducted a consultation meeting with the shortlisted firms to answer their questions on the mechanics of the Architectural…

PSALM holds Enterprise Risk Management refresher workshop

 

In its effort to manage organizational risks and optimize opportunities, PSALM conducted a two-day refresher workshop on its Enterprise…

PSALM maps out strategic plan on financial and asset management and for remaining corporate life

 

 

PSALM top and middle managers convened in a three-day Corporate Strategic Planning Workshop (CSPW) held from 01-03 April…

Korean firm to provide operation and maintenance services to Malaya TPP

The Power Sector Assets and Liabilities Management Corporation (PSALM) Board of Directors awarded the 2019 service contract for the operation…


 CY 2018

PSALM seals Special Payment Agreement with CASURECO III

The Power Sector Assets and Liabilities Management Corporation (PSALM) recently entered into a Special Payment Agreement (SPA) with Camarines Sur…

PSALM holds blessing of new office

2018 proved to be another milestone year for the Power Sector Assets and Liabilities Management Corporation (PSALM) as it settles…

PSALM convenes electric coops to reconcile Universal Charge accounts

 

In its effort to achieve 100% collection efficiency from the Universal Charge (UC), the Power Sector Assets and Liabilities…

PSALM conducts pre-bid conference for the sale of Malaya assets

The Power Sector Assets and Liabilities Management Corporation (PSALM) conducted a pre-bid conference for the privatization of Malaya Thermal Power…

PSALM leases portion of Port Area property to Philippine Coast Guard

The Power Sector Assets and Liabilities Management Corporation (PSALM) leased a portion of its Port Area property to the Philippine…

PSALM President and CEO takes oath of office

PSALM President and CEO Atty. Irene Joy Besido-Garcia taking her oath of office before President Rodrigo Roa Duterte during the…

PSALM assembles Luzon power customers to explain rate adjustments  

The Power Sector Assets and Liabilities Management (PSALM) Corporation assembled its Luzon customers to a forum last 05 December 2017 at…

Live according to the virtues of loyalty and honesty, Sec. Cusi urges energy family officials and employees

Employees and officials of the energy family were urged to start the year right by espousing the virtues of loyalty…


 CY 2017

2017 Mindanao Power Customers Forum

On 21 November 2017, the Power Sector Assets and Liabilities Management (PSALM) Corporation conducted its 2017 Mindanao Power Customers Forum…

2017 Visayas Power Customers Forum

Last 26 October 2017, the Power Sector Assets and Liabilities Management (PSALM) Corporation held its 2017 Visayas Power Customers Forum…

Contract Signing for O&M of Malaya Thermal Power Plant

The Power Sector Assets and Liabilities Management (PSALM) Corporation awarded anew to Korean firm STX Marine Service Co., Ltd. the…

PSALM attends ASEAN 35th Senior Officials’ Meeting on Energy

Power Sector Assets and Liabilities Management Corporation Officer-in-Charge Ms. Lourdes S. Alzona, together with other officials in the energy sector,…

Turnover Ceremony of Sucat Thermal Power Plant (STPP)

Last 02 August 2017, the Power Sector Assets and Liabilities Management (PSALM) Corporation officially closed the sale of the structures,…

PSALM Officials attend WESM Launching in Mindanao

Power Sector Assets and Liabilities Management Corporation Officer-in-Charge Ms. Lourdes S. Alzona, together with PSALM officers, attended the launching of…

PSALM hosts Bhutan delegates on study visit

Six delegates from the Ministry of Home and Cultural Affairs of the Kingdom of Bhutan made a study visit to…

Issuance of the Notice of Award for the privatization of Sucat Thermal Power Plant to Riverbend Consolidated Mining Corporation

After conducting the post-qualification of the winning bidder for the successful sale of the structures, equipment, auxiliaries and accessories of…

Successful Bidding of the Sucat Thermal Power Plant (STPP)

Mr. Nicanor Escalante (far left), president of the Riverbend Consolidated Mining Corporation, presents to PSALM Corporation Officer-in-Charge and Privatization Bids…


 CY 2016

Closing of Sale and Turnover Ceremony of Power Barge 104

PSALM officials and employees together with the representatives of SPC Power Corporation (SPC) and the Commission on Audit after the…

Negotiated Sale of the 32 MW PB 104

Power Sector Assets and Liabilities Management Corporation Officer-in-Charge, Lourdes S. Alzona, congratulates SPC Island Power Corporation representative for submitting the…

The PSALM Board at Work

PSALM regularly consults with its Board of Directors, consisting of the Government’s economic managers, for guidance in its operations and…

PELCO II Prepayment

On 30 September 2015, the Pampanga II Electric Cooperative, Inc. (PELCO II) settled in full the balance of its restructured…


 CY 2015

Ambuklao-Binga turnover

Energy Secretary Angelo T. Reyes and Aboitiz Equity Ventures Executive Vice President and Chief Operating Officer Erramon I. Aboitiz shake…


  CY2014

Bidding for ULGPP Bulk Energy IPPA

PSALM President and Chief Executive Officer and Privatization, Bids Awards Committee (PBAC) Chairperson Lourdes S. Alzona (center), joined by Acting…

Sale of Power Barge 104

PSALM officials and employees, and the Commission on Audit, in a group picture after the success of the negotiated sale…