News Room

Malaya plant operator set to undertake Unit 1 overhauling (11/20/2014)

STX Marine Service Co. Ltd., the current operator of the Malaya Thermal Power Plant (TPP), has been awarded the contract to overhaul the Rizal-based power plant's Unit 1, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported recently. "The procurement of services and spare parts for the turbine/generator overhauling and other related works for the Malaya TPP's Unit 1 has...more

PSALM lists possible contractors for gensets (11/11/2014)

The Power Sector Assets and Liabilities Management (PSALM) Corporation has been tasked by the Department of Energy to engage in exploratory discussions with companies for the purchase or lease of generator sets as a measure to address the anticipated power crisis in the summer months of 2015. Section 71 of Republic Act No. 9136, the Electric Power Industry Reform Act of 2001 (EPIRA), provides: "Section...more

K-Water to take over Angat hydro plant (10/31/2014)

Effective midnight of 31 October 2014, Korea Water Resources Corporation (K-Water) will officially take over the operations of the 218-megawatt (MW) Angat Hydroelectric Power Plant (HEPP), the Power Sector Assets and Liabilities Management (PSALM) Corporation has reported. PSALM made the announcement after it confirmed K-Water's full payment of the purchase price for the Angat HEPP on Friday, 31...more

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Liability Management

CURRENCY MIX OF OUTSTANDING FINANCIAL OBLIGATIONS (As of 31 October 2011)

PRIVATIZATION PROCEEDS  as of 30 December 2011
(in USD Billion)
  GENERATED COLLECTED
Generating Assets 3.027 3.064
Decommissioned Plants 0.004 0.004
Transmission Asset (TransCo) 3.950 1.765
Appointment of IPPAs 3.229 0.495
TOTAL 10.210 5.328
 
PRIVATIZATION PROCEEDS UTILIZED
as of December 2011
(in USD Billion)
Debt Prepayment 1.297
Regular Debt Service 2.718
Lease Obligations 1.378
Others 0.083
TOTAL 5.476*
*Includes income interest
>More Details

 

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