May 28, 2024

PSALM reduces financial obligations

By Manila Standard – May 27, 2024, 7:45 pm The Power Sector Assets and Liabilities Management Corp. (PSALM) said it reduced its liabilities to P283.65 billion as of March 31, 2024 from the 2003 peak of P1.24 trillion. It said […]
February 1, 2023

PSALM: 14 bidders keen on CHEPP

BY LENIE LECTURA – FEBRUARY 1, 2023 from Business Mirror Fourteen prospective bidders have signified their intent to participate in the sale of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP), the Power Sector Assets and Liabilities Management Corp. (PSALM) said […]
October 24, 2022

Aboitiz Power to buy another 35.4% stake in Mindanao coal plant operator

By Alena Mae S. Flores October 23, 2022, 7:05 pm from manilastandard.net Aboitiz Power Corp. expects to complete the acquisition of an additional 35.4-percent equity stake in STEAG State Power Inc., the operator of the 210-megawatt Mindanao coal-fired power plant […]
September 12, 2021

PSALM accepts Meralco’s P632-million offer for Paco property

By Manila Standard Business – September 11, 2021 at 10:07 am from manilastandard.net State-run Power Sector Assets and Liabilities Management Corp. accepted Manila Electric Co.’s more than P632-million offer for its Paco, Manila property on Sept. 10. PSAL said it […]