PSALM’s total debt servicing reaches PhP1.47 trillion


Power Sector Assets and Liabilities Management Corporation’s (PSALM) debt servicing, which spans 16 years (2001-2017), has reached PhP1.47 trillion as of end of 2017, inclusive of interest and other charges. These payments covered PhP555.7 billion maturing IPP obligations, PhP567.7 billion principal debts and PhP346 billion interest and other charges....

PSALM lays down privatization plans for 2018


The Power Sector Assets and Liabilities Management (PSALM) Corporation is bent on achieving its privatization targets this year, particularly the sale of its expensive plants to cut on operational costs and to augment funds for paying-off its assumed obligations that will significantly benefit the government and the electricity end-users....

PSALM issues Notice of Default to FDC Misamis Power Corporation


PSALM subsequently forfeited the performance bond of FDC Misamis on 11 December 2017, amounting to PhP400 million....