Warning: Illegal offset type in W:\xampp\htdocs\modules\pagination\classes\Kohana\Pagination.php on line 118
The Official Website of PSALM Corporation
Newsroom
Year: 2021

PSALM offers Malaya Thermal Power Plant at a lower minimum price for the third round of negotiated sale


The Power Sector Assets and Liabilities Management Corporation (PSALM) is offering to bidders the Malaya Thermal Power Plant (MTPP) and its underlying land for a minimum offer price (MOP) of PHP1,845,222,000.00. This amount is lower than the MOP offered in the second round of negotiated sale process at PHP2,007,780,000.00. Financial offers lower than this current MOP will be rejected outright....

PSALM reports its 2020 accomplishments to the Department of Finance


On 19 January 2021, the Power Sector Assets and Liabilities Management Corporation (PSALM) reported its 2020 accomplishments to Secretary Carlos G. Dominguez of the Department of Finance, as follows:...

PSALM thanks SORECO I for its prepayment of P202.1 million pursuant to its Restructuring Agreement


The Power Sector Assets and Liabilities Management Corporation (PSALM) received on 29 December 2020 a prepayment amounting P202,106,541.10 from Sorsogon I Electric Cooperative, Inc. (SORECO I). This prepayment is part of the Restructuring Agreement (RA) for SORECO I’s outstanding payables to PSALM. The Development Bank of the Philippines served as the partner bank, that extended a loan to SORECO I, and made this prepayment possible....