News Room

Fuel shift of Ilijan plant may fall short to augmenting 2015 power lack - PSALM (10/17/2014)

"The 1,200-megawatt (MW) Ilijan combined-cycle power plant's proposed fuel shift from biodiesel to pure diesel will not provide assurance that the load of the plant's Block 1 would increase from 420 MW to 600 MW whenever the natural gas supply from the Malampaya is not available," Power Sector Assets and Liabilities Management (PSALM) Corporation President and Chief Executive Officer Emmanuel R. Ledesma,...more

PSALM Corporation's Statement on the Availability of Malaya during 2015 Malampaya Shutdown (10/13/2014)

"The technical difficulties encountered by Malaya Thermal Power Plant make its availability and dependability during the Malampaya shutdown from March to June 2015 uncertain," Power Sector Assets and Liabilities Management (PSALM) Corporation President and CEO Emmanuel R. Ledesma, Jr. stated. Malaya Thermal Power Plant (Malaya) is a forty (40)-year old plant, composed of two (2) units with a dependable...more

PSALM awards Malaya OMSC to Korean STX Marine (10/9/2014)

The Power Sector Assets and Liabilities Management (PSALM) Corporation has awarded the one-year Operation and Maintenance Service Contract (OMSC) for the 650-megawatt (MW) Malaya Thermal Power Plant (TPP) to Korean firm STX Marine Service Co. Ltd. "On 30 September 2014, PSALM issued the notice to STX Marine awarding the Malaya OMSC to the Korea-based firm," PSALM President and Chief Executive Officer...more

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Liability Management


PRIVATIZATION PROCEEDS  as of 30 December 2011
(in USD Billion)
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
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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