News Room

Statement on the Notices of Garnishment relative to the NPC DAMA Case (Part 2) (8/25/2014)

"If our funds are garnished, our long-term debts would become immediately due and demandable," informs Power Sector Assets and Liabilities Management (PSALM) Corporation President and CEO Emmanuel R. Ledesma, Jr. "This will result in operating cash deficit, which will lead to power shortage nationwide," he adds. Mr. Ledesma explains that, under PSALM's loan agreements, garnishment is a ground for...more

Statement on the Notices of Garnishment relative to the NPC DAMA Case (8/22/2014)

"The sheriffs' notices of garnishment are legally baseless, violative of due process, premature at best, and hence patently void," declared Power Sector Assets and Liabilities Management (PSALM) Corporation President and CEO Emmanuel R. Ledesma, Jr. Mr. Ledesma made this statement in reference to the notices of garnishment issued by the sheriffs of the Regional Trial Court (RTC)-Quezon City (QC)...more

PSALM awards Naga power plant to SPC (8/6/2014)

The Power Sector Assets and Liabilities Management (PSALM) Corporation has awarded the sale of the 153.1-megawatt (MW) Naga Power Plant to SPC Power Corporation. PSALM issued the Notice of Award (NoA) and the Certificate of Effectivity (CoE) to SPC on 30 July 2014 together with one (1) original executed copy of the Final Transaction Documents, which consisted of the Asset Purchase Agreement (APA)...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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