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CoA rules in favor of SMPC on dispute with PSALM

SEMIRARA Mining and Power Corp. (SMPC) expects to sit down with the Power Sector Assets and Liabilities Management Corp. (PSALM) to settle its money claim against the agency, after the Commission on Audit (CoA) ruled in favor of the Consunji-led company, company officials said.

PSALM sets April deadline for HQ redevelopment submissions

THE Power Sector Assets and Liabilities Management Corp. (PSALM) said it set a new deadline fora design competition for the redevelopment of its Quezon City compound.

PSALM incurs additional P40-B cost on forex losses, rising rates

STATE-LED Power Sector Assets and Liabilities Management Corp. (PSALM) placed at nearly P40 billion the additional cost it incurred in 2018 from its debts due to the depreciation of the peso and the rise in interest rate, a company official said.

PSALM bids out MTPP property in Manila

THE Power Sector Assets and Liabilities Management Corp. (PSALM) is once again bidding out the property of Manila Thermal Power Plant (MTPP) located along the Pasig River in Isla de Provisor, Paco Manila.

PSALM: 4 companies submit bids for Malaya plant

STATE-LED Power Sector Assets and Liabilities Management Corp. (PSALM) has received four proposals for the 650-megawatt (MW) Malaya thermal power plant in Rizal that serves as the government’s back up facility to ensure power supply stability.

PSALM planning to rebid Manila property after last week’s failed auction

STATE-LED POWER SECTOR Assets and Liabilities Management Corp. (PSALM) will rebid a parcel of land in Manila where a thermal power plant used to stand after the agency failed to attract bidders.

PSALM to rebid P886-million Manila thermal plant

Power Sector Assets and Liabilities Management Corp. (PSALM) will rebid a thermal power plant in Manila that it valued at around P886 million after...

PSALM preparing master plan for properties in Quezon City, Bagac

STATE-LED Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing a master plan for two properties, including the lot on which the National Power Corp. (Napocor) holds office, to maximize the gains on the assets.

PSALM denies blaming ERC for interest costs incurred

POWER Sector Assets and Liabilities Management Corp. (PSALM) said it is not blaming the Energy Regulatory Commission (ERC) for the interest cost it incurred in securing funding to pay maturing debt.

PSALM clarifies issue on maturing debts

Power Sector Assets and Liabilities Management Corp. (PSALM) said it was not blaming the Energy Regulatory Commission (ERC) for the interest cost it incurred...

San Miguel calls out PSALM over alleged unpaid obligations

San Miguel Corp. (SMC) said state agency Power Sector Assets and Liabilities Management Corp. (PSALM) had gained $631 million from the $5.28 billion paid...

SPC downplays impact of Naga power plant turnover

SPC Power Corp. has downplayed the impact on the company of the recent turnover of a power plant complex in Naga City, Cebu to...

SPC turns over Naga power plant complex to PSALM

SPC Power Corp. has turned over the 153.1-megawatt (MW) gas turbine power plant in Naga, Cebu to the Power Sector Assets Liabilities Management, Inc....

Pilipinas Shell, Phoenix Petroleum win supply bid for two power plants

The Power Sector Assets and Liabilities Management Corp. (PSALM) selected Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...

PSALM approves P264-million contract to maintain Malaya plant

Power Sector Assets and Liabilities Management Corp. (PSALM) has approved a budget of P264 million for the a one-year contract to operate and maintain...