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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 at the headquarters of Asian Development Bank (ADB), Mandaluyong City, Philippines.

The highly anticipated forum drew 61 private companies interested in the incoming privatization of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plants and the rehabilitation and asset management plan for the Agus-Pulangi Hydroelectric Power Plants. ADB officials imparted well-meaning wishes to the PSALM management as the latter will soon embark on new privatization activities.    

The annual forum aims to boost PSALM’s relations with potential investors and improve the privatization procedure for its remaining assets through robust exchange of information.

By virtue of Republic Act No. 9136, also known as the Electric Power Industry Reform Act of 2001, PSALM is mandated to privatize all transferred assets from the National Power Corporation (NPC) with the objective of liquidating all of NPC’s financial obligations.