Tag: psalm
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DoE seeks PSALM extension to prevent P300-B liability for gov’t
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THE DEPARTMENT of Energy (DoE) said the corporate life of Power Sector Assets and Liabilities Management Corp. (PSALM) should be extended to prevent the government from assuming P300 billion in liabilities. Energy Secretary Raphael P.M. Lotilla said that the government initially expected it would take 25 years to complete the…
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5 energy firms eye Laguna hydropower complex — PSALM
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STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) said the 796.64-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) complex in Laguna has attracted five potential bidders. Marubeni Corp., Semirara Mining and Power Corp., Thunder Consortium, First Gen Prime Energy Corp., and Giga Ace 11, Inc. participated in the pre-proposal…