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PSALM prepays USD219 million of National Power debt
(new)
The Power Sector Assets and Liabilities Management Corporation (PSALM) prepaid USD126 million and Y10.2 billion, or a total of USD219 million, of National Power Corporation's debt on 15 and 18 August, respectively. The amount represents the loans extended by the Asian Development Bank and the Japan Bank for International Cooperation (JBIC) for the Masinloc Coal-Fired Thermal Project which was successfully....
Iligan diesel plant sale attracts three investors
Three investor groups are keen on acquiring the 114-megawatt (MW) Iligan I & II Diesel Power Plant (IDPP 1&2) complex, the Power Sector Assets and Liabilities Management Corporation (PSALM) recently disclosed.
The three interested parties, which have all completed the preliminary requirements for the bidding, attended the Pre-bid Conference that PSALM organized at its main office in Makati City....
AP Renewables wins Tiwi-MakBan bid
The Power Sector Assets and Liabilities Management Corporation (PSALM) today (30 July 2008) declared the AP Renewables Inc. as the highest bidder in the auction of the 289-megawatt (MW) Tiwi Geothermal Power Plant located in Tiwi, Albay and the 458.53-MW MakBan Geothermal Power Plant situated in Laguna and Batangas provinces, respectively.
AP Renewables' offer of USD446.9 million (USD446,888,008.00)....
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