August 24, 2023

PSALM expects to reduce debt to P306 billion

By Alena Mae S. Flores – August 23, 2023, 7:05 pm from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. expects to reduce its financial obligations to P306.6 billion by the end of 2023. “I would like to highlight […]
August 23, 2023

PSALM to pursue P25-B receivables from ‘delinquent’ DUs

BY MYRNA M. VELASCO – Aug 22, 2023 03:40 PM from Manila Bulletin AT A GLANCE To reinforce its cash hoard, the state-owned firm is banking on the collection of P152.4 billion worth of deferred payments from divested power facilities, […]
August 18, 2023

PSALM rakes in add’l P16.7 B from asset divestments

BY MYRNA M. VELASCO – Aug 17, 2023 03:54 PM from Manila Bulletin AT A GLANCE The way forward for PSALM is to fpcus on the disposition of the remaining NPC-owned power assets – to include the Caliraya-Botocan-Kalayaan (CBK) hydropower […]
August 10, 2023

First Gen’s six-month recurring income up 30%

By Alena Mae S. Flores – August 9, 2023, 8:20 pm from manilastandard.net Lopez Group‘s clean and renewable energy provider First Gen Corp. said Wednesday recurring net income climbed 30 percent in the first half to $167 million (P9 billion) […]