Newsroom
Year: 2017

PSALM addresses IPPA concerns in accordance with agreements


Deficiencies in obligations on the part of Independent Power Producer Administrators (IPPAs) are addressed according to the terms stipulated under the IPPA Administration Agreement (IPPA AA), the Power Sector Assets and Liabilities Management (PSALM) Corporation disclosed....

Dismantling of Sucat plant to pave the way for a potential development project


Talks are underway for potential projects that may rise in the Sucat Thermal Power Plant (STPP) site in Muntinlupa City after the impending removal of the plant structures, the Power Sector Assets and Liabilities Management (PSALM) Corporation disclosed....

ERC approves PSALM’s petitions for cost adjustments covering prior years


The Energy Regulatory Commission (ERC) has given its go signal to the Power Sector Assets and Liabilities Management (PSALM) Corporation to effect the approved cost adjustments relative to fuel, purchased power and foreign exchange-related costs incurred in the operation of its power plants way back in 2007 until 2014....

ERC approvals on UC-SD and SCC to relieve PSALM from further borrowings this year


The impending collection of the stranded debt (SD) and stranded contract cost (SCC) portions of the Universal Charge in the total amount of around PhP37 billion will relieve the Power Sector Assets and Liabilities Management (PSALM) Corporation from additional borrowings this year....

PSALM declares successful sale for decommissioned Sucat power plant


The Riverbend Consolidated Mining Corporation submitted the highest offer for the sale of the structures, plant equipment, auxiliaries and accessories of the decommissioned 850-megawatt Sucat Thermal Power Plant in Muntinlupa City on an "as is, where is" basis, the Power Sector Assets and Liabilities Management (PSALM) Corporation reported on Wednesday, 31 May 2017....