News Room

STX Marine submits lowest bid for Malaya TPP OMSC (8/11/2015)

Current Malaya Thermal Power Plant (MTPP) operator STX Marine Services Co. Ltd. has submitted the lowest bid for the Rizal-based plant's Operation and Maintenance Service Contract (OMSC), the Power Sector Assets and Liabilities Management (PSALM) Corporation reported recently. At the bidding conducted by PSALM in Diliman, Quezon City on 03 August 2015, STX Marine emerged as the lowest bidder with...more

Alzona appointed as new PSALM chief executive (8/3/2015)

With His Excellency President Benigno C. Aquino III's appointment of Ms. Lourdes S. Alzona as board member of the Power Sector Assets and Liabilities Management (PSALM) Corporation, the former PSALM Officer in Charge has been elected as the government power firm's President and Chief Executive Officer (CEO). In a letter dated 30 July 2015, President Aquino appointed Ms. Alzona as the replacement...more

PSALM turns over Power Barges 101-103 (7/8/2015)

The Power Sector Assets and Liabilities Management (PSALM) Corporation's privatization program was boosted anew after it turned over Power Barge (PB) Nos. 101, 102, and 103 to new owner Trans-Asia Oil and Energy Development Corporation. PSALM held the simple ceremonial turnover at its Makati City office on Wednesday (08 July 2015), after completing negotiations for the sale of PBs 101-103. The turnover...more

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Liability Management

CURRENCY MIX OF OUTSTANDING FINANCIAL OBLIGATIONS (As of 31 December 2014)

PRIVATIZATION PROCEEDS  as of 31 December 2014
(in USD Billion)
  GENERATED COLLECTED
Generating Assets 3.095 3.534
Decommissioned Plants 0.004 0.004
Transmission Asset (TransCo) 6.383 3.772
Appointment of IPPAs 9.957 2.047
TOTAL 10.210 5.328
 
PRIVATIZATION PROCEEDS UTILIZED
as of 31 December 2014
(in USD Billion)
Debt Prepayment 1.297
Regular Debt Service 2.718
Lease Obligations 1.378
Others Privatization-Related Expenses 0.083
TransCo OPEX  0.001 
TOTAL 7.899
*Includes income interest
>More Details

 

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