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PSALM reduces selling price of 218-MW Angat hydro plant

METRO MANILA’S WATER SUPPLY SOURCE.  The Angat Dam in Bulacan is where Metro Manila, home to 12 million residents, sources 97 percent of its water requirements. The Metropolitan Waterworks and Sewerage System says they hope to bid out projects next year that would develop new water sources to boost Metro Manila’s water supply. PHOTO FROM BULACAN.GOV.PH

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has reduced the selling price of the 218-megawatt Angat hydroelectric power plant in Bulacan to $439 million.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

Biz Buzz: Boardroom ban

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Key members of Alphaland Corp. management may have to step out of the boardrooms of any publicly listed corporation in the next five years.

Posted: August 29th, 2014 in Columnists,Inquirer Columns | Read More »

Dow Philippines expands product lineup to cater to energy, construction sectors

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dow-logo

Dow Philippines, the local unit of US-based Dow Chemical Co., is expanding its product offering in the Philippines to cater to the growing needs of the local renewable energy and construction industries, where further investments are expected.

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

Vivant buys into Aboitiz power unit

Screengrab from http://www.aboitiz.com/txoko/index.php?p=18

Vivant Integrated Generation Corp. (VIGC), a unit of publicly listed Vivant Corp., said Thursday that it is acquiring up to 20 percent equity interest in the Aboitiz-led Therma Visayas Inc. (TVI).

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

Fund loss threatens PSALM

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With a P60.24-billion settlement hanging over it, the Power Sector Assets and Liabilities Management (PSALM) Corp. may lose its capability to operate and prevent it from contracting backup power in 2015, when the energy crisis is expected to take a turn for the worse. Recently, the sheriff of the Regional Trial Court (RTC) of Quezon [...]

Posted: August 25th, 2014 in Headlines | Read More »

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