News Room


PSALM sets bidding for fuel requirements of power barges (5/15/2013)

The Power Sector Assets and Liabilities Management (PSALM) Corporation has launched the bidding for the procurement of industrial fuel oil (IFO) for Power Barges (PB) 101-104 through the publication of an Invitation to Bid (ITB) on Wednesday, 15 May 2013. "The continuous operation of these barges will help augment the grid power requirements especially during peak hours," said PSALM President and...more

PSALM to resell power barges under new terms (5/6/2013)

With the approval of its board of directors, the Power Sector Assets and Liabilities Management (PSALM) Corporation will again bid out Power Barges (PB) 101, 102, 103 and 104 in the second semester this year. "After due consideration, the PSALM board has approved the privatization of the power barges through another round of public bidding that includes some changes in the terms of the sale," PSALM...more

PSALM questions ERC ruling on double charging (4/29/2013)

The Power Sector Assets and Liabilities Management (PSALM) Corporation will file a motion for reconsideration to the 04 March 2013 order of the Energy Regulatory Commission (ERC) on the transmission line loss double charging case filed by the Manila Electric Co. (Meralco). PSALM said that the methodology adopted by the ERC deviated from the 10 March 2010 ERC decision, which was final and executory....more

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CURRENCY MIX OF OUTSTANDING FINANCIAL OBLIGATIONS (As of 31 October 2011)
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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
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