September 14, 2021

Meralco eyes power supply deals with PSALM, PEDC

BY LENIE LECTURA – SEPTEMBER 13, 2021 from Business Mirror The Manila Electric Co. (Meralco) has lined up its power requirements—totaling 260megawatts (MW)—that are urgently needed to avert a supply shortage when the Malampaya facility undergoes a 20-day preventive maintenance […]
January 3, 2018

Phinma Energy to withdraw lawsuit vs Psalm after Ippa deal terminated

By Lenie Lectura – January 2, 2018 from Business Mirror THE Power Sector Assets and Liabilities Management (PSALM) Corp. and Phinma Energy Corp. have agreed to terminate the Independent Power Producer Administrators (Ippa) agreement for the 40-megawatt (MW) strip of energy of […]
February 13, 2017

PSALM debt payments hit P84.86B in 2016

By Lenie Lectura – February 12, 2017 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) said it has paid off P84.86 billion worth of debts, bringing down the state firm’s obligations to P506.34 billion. “Payments made in […]