September 27, 2017

San Miguel postpones IPO of energy business

By Lenie Lectura – September 27, 2017 from Business Mirror SMC Global Power Holdings Corp., the power arm of conglomerate San Miguel Corp. (SMC), has postponed anew its planned initial public offering (IPO) this year due to unresolved issues involving contracts it entered […]
September 9, 2017

Cusi eyes $400-m China loan to rehabilitate Agus plants

by Alena Mae S. Flores – September 08, 2017 at 07:01 pm from manilastandard.net CEBU CITY—The Energy Department is working with the Finance Department to firm up  possible funding of around $400 million from the Chinese government for the rehabilitation of the 982-megawatt Agus-Pulangi […]
August 30, 2017

DOE steps out in Psalm, San Miguel Global tiff

By Lenie Lectura – August 29, 2017 from Business Mirror ENERGY Secretary Alfonso G. Cusi urged the Power Sector Assets and Liabilities Management Corp. (Psalm) and San Miguel Global Power Holdings Corp. to settle their differences over unpaid obligations for the generated […]
August 26, 2017

PSALM debt down P45 billion, P490 billion more to settle

By Lenie Lectura – August 26, 2017 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) has reduced its liabilities by over P45 billion at end-June this year, bringing down the state firm’s obligations to P490 billion. “PSALM financial […]