PSALM issues its Guidelines and Procedures for Entering Joint Venture Agreements

04 Apr 2024

The Power Sector Assets and Liabilities Management Corporation (PSALM) announces the issuance of its Guidelines and Procedures for Entering Joint Venture (JV) Agreements as approved by the PSALM Board on 26 June 2023.

The JV Guidelines underwent thorough review by the Office of the Government Corporate Counsel (OGCC). The OGCC officially cleared these guidelines on 17 January 2024.

In 2018, PSALM Board Resolution No. 2018-0830-08 authorized the adoption of JV Agreements as an additional mode of privatization or disposal for PSALM’s Real Estate Assets.

Interested parties may download a copy of the guidelines through a pop-up platform in the PSALM website’s homepage (https://www.psalm.gov.ph/home). The guidelines are also accessible in the PRIVATIZATION and RESOURCES section of the PSALM website.

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