December 30, 2017

Phinma Energy, PSALM reach deal to terminate Leyte power contract

By Alena Mae S. Flores – December 29, 2017 at 08:43 pm from manilastandard.net Phinma Energy Corp. and Power Sector Assets and Liabilities Management Corp. have agreed to mutually terminate the administration agreement for the 40-megawatt strip of energy of the Unified […]
December 22, 2017

San Miguel offers Ilijan plant if Malampaya gas dries up

By Lenie Lectura – December 21, 2017 from Business Mirror   SOUTH Premiere Power Corp. (SPPC) may operate the 1,200-megawatt (MW) Ilijan combined-cycle power plant as a peaking facility when gas from Malampaya runs out. This was expressed by Ramon Ang, president […]
November 17, 2017

SMC pays $4.8b for Ilijan

By Alena Mae S. Flores – November 16, 2017 at 07:40 pm From manilastandard.net San Miguel Corp. said unit South Premiere Power Corp. paid state-owned Power Sector Assets and Liabilities Management Corp.  a total of $4.8 billion in various fees as of October […]
November 15, 2017

PSALM still has P380-B proceeds from privatization for collection

By Myrna M. Velasco – November 14, 2017, 10:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM) would still have P380.254-billion privatization proceeds for collection out of the divested National Power Corporation (NPC) assets. These will […]