News Room

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

PSALM opens bidding for Malaya TPP OMSC (7/3/2015)

The Power Sector Assets and Liabilities Management (PSALM) Corporation on Tuesday (30 June 2015) has commenced its procurement of the operation and maintenance service contract (OMSC) for the 650-megawatt (MW) Malaya Thermal Power Plant Complex (MTPP) located in Malaya, Pililla, Rizal. In a published Invitation to Bid, PSALM noted that the one-year MTTP OMSC has an Approved Budget for Contract...more

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Liability Management


PRIVATIZATION PROCEEDS  as of 31 December 2014
(in USD Billion)
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
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
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