December 18, 2021

NEA, not PSALM, to resolve power supply issues — DOF

By Lee C. Chipongian – December 17, 2021, 4:11 PM from Manila Bulletin Finance Secretary Carlos Dominguez III categorically stated that the National Electrification Administration (NEA) and not the Power Sector Liabilities and Management Corp. (PSALM) should be the Default […]
October 16, 2021

Korean firm tapped as O&M contractor for Casecnan hydro plant

By Myrna M. Velasco – October 15, 2021, 1:50 PM from Manila Bulletin South Korean firm Soosan ENS will be engaged as the operation and maintenance (O&M) contractor for the 165-megawatt Casecnan hydropower plant in Nueva Ecija, according to state-run […]
October 8, 2021

‘Expiry of PSALM corporate life may increase government debt’

BY JOVEE MARIE DE LA CRUZ – OCTOBER 7, 2021 from Business Mirror A lawmaker is pushing for the extension of the corporate life of Power Sector Assets and Liabilities Management (PSALM) Corp., saying its corporate life expiry could have […]
September 24, 2021

ERC orders DUs to refund P20B

BY LENIE LECTURA – SEPTEMBER 23, 2021 from Business Mirror The Energy Regulatory Commission (ERC) said Thursday that it has so far issued refund orders worth P20 billion from January 2020 to September 2021. “Upon evaluation and verification of the […]