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PSALM targets new cash offering, debt swap (11/18/09)

The Power Sector Assets and Liabilities Management (PSALM) Corporation has commenced a new cash offering and a bond exchange offer (collectively, the “Global Bond Offering”) as part of its efforts to efficiently manage the liabilities of the National Power Corporation (“NPC”). more

PSALM turns over administration of Sual, Pagbilao power plants to IPPAs (11/11/09)

The Power Sector Assets and Liabilities Management Corporation (PSALM) has formally turned over the administration of the contracted capacities of the National Power Corporation in the coal-fired Sual and Pagbilao power plants to their new independent power producer administrators (IPPAs), San Miguel Energy Corporation (SMEC) and Therma Luzon Inc., respectively. more

SPC acquires Naga LBGT power plant in negotiated sale (10/16/09)

SPC Power Corporation today (16 October 2009) acquired the 55-megawatt (MW) Naga Land-Based Gas Turbine (LBGT) Power Plant after concluding negotiations with the Power Sector Assets and Liabilities Management (PSALM) Corporation. more

IPP hydro plants pique interest of bidders (09/30/09)

The bidding for the appointment of independent power producer administrators (IPPAs) to manage the government’s contracted capacities in the Bakun, Benguet, and San Roque hydroelectric power plants scheduled on 11 November 2009 is expected to be an interesting one as all nine prospective bidders attended the pre-bid conference conducted by the Power Sector Assets and Liabilities Management Corporation (PSALM) last Wednesday, 30 September. more

9 bidders expected to compete for IPP hydro plants (09/25/09)

Nine investors are expected to vie for the appointment of independent power producer administrators (IPPAs) to manage the National Power Corporation’s contracted capacities in the San Roque, Bakun, and Benguet hydroelectric power plants. more

 
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