Privatization for Sucat TPP garners six bidders


Following the publication by PSALM Corporation of the Invitation to Bid (ITB) in three major newspapers for the packaged sale of the structures, plant equipment, auxiliaries and accessories comprising the decommissioned 850 MW Sucat Thermal Power Plant (STPP), the privatization of the asset has garnered six bidders who attended PSALM Corporation’s Pre-Bid Conference held today (20 March 2017) in Quezon City. This conference was held to clarify provisions on the sale of STPP and is expected to help the bidders arrive at an optimal business decision, among other concerns. ...

PSALM sets to zero its monthly fuel, purchased power and foreign exchange-related cost adjustments


The Energy Regulatory Commission (ERC) has approved the Power Sector Assets and Liabilities Management (PSALM) Corporation's omnibus motion to set to zero its monthly fuel, purchased power and foreign exchange-related cost adjustments, collectively known as Automatic Cost Adjustments (ACA) effective June 2016 billing period....

PSALM awards Power Barge 104 to SPC Power Corporation


The Power Sector Assets and Liabilities Management (PSALM) Corporation on Thursday (30 June 2016) conducted the ceremonial turnover of the 32-megawatt (MW) Power Barge 104 to its new owner, SPC Power Corporation (SPC)....

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