News Room

PSALM procures IFO requisites of power plants (4/7/2014)

The Power Sector Assets and Liabilities Management (PSALM) Corporation has officially started - with the publication of an Invitation to Bid on Friday (04 April 2014) - its procurement of a total of 252.86 million liters of industrial fuel oil (IFO) for several power plants this year. Specifically, PSALM announced that it will procure 115 million liters of IFO for the Western Mindanao Power Corporation...more

PSALM declares Therma Power as highest bidder of Naga power plant (3/31/2014)

The Power Sector Assets and Liabilities Management (PSALM) Corporation has declared Therma Power Visayas, Inc. as the highest bidder of the third round of bidding for the sale of the 153.1-megawatt (MW) Naga Power Plant. "At the bidding conducted by PSALM today (31 March 2014) Therma Power emerged as the highest with its bid of PhP1.09 billion (PhP1,088,800,000.00)," PSALM President and Chief Executive...more

Genetron tops bidding for decommissioned Sucat power plant (3/31/2014)

Genetron International Marketing has emerged as the highest bidder in the sale of the decommissioned 850-megawatt (MW) Sucat Thermal Power Plant, the Power Sector Assets and Liabilities Management (PSALM) Corporation has reported on Monday (31 March 2014) after closing the bidding in its Makati City office. PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said that Genetron submitted...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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