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Bulacan firm offers top bid for idle power plant

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Genetron International Marketing submitted the highest bid for the decommissioned 850-megawatt Sucat thermal power plant, the state run Power Sector Assets and Liabilities Management Corp. (PSALM) said on Tuesday.

Posted: April 2nd, 2014 in Headlines | Read More »

PSALM sets rebidding of 153-MW Naga plant

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State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is bidding out for the third time the 153.1-megawatt Naga Power plant in Cebu by the end of March.

Posted: February 6th, 2014 in Headlines | Read More »

PSALM pushes bulk deals for geothermal power plants

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The Power Sector Assets and Liabilities Management (PSALM) Corp. will privatize the bulk energy contracts for the typhoon-ravaged Unified Leyte Geothermal Power Plant (ULGPP) in Leyte and Mt. Apo 1 and 2 geothermal power plants in Mindanao.

Posted: January 31st, 2014 in Headlines | Read More »

Palace: Too soon to rule out power rate fixing

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Sen. Sergio Osmeña III (Inquirer file photo), Energy Secretary Jericho Petilla (AP file photo), Communications Secretary Herminio Coloma (Inquirer file photo)

Malacañang is apparently not buying Sen. Sergio Osmeña III’s pronouncement that there was no collusion among the energy market players to manipulate power rates when the Malampaya natural gas plant shut down for maintenance work for one month last year.

Posted: January 26th, 2014 in Featured Gallery,Headlines,Photos & Videos | Read More »

Bidding of Naga power plant fails anew

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psalm

The second tender for the sale of the 153.1-megawatt Naga coal-fired power plant complex was declared a failure due to lack of competitive bidders, state-owned Power Sector Assets and Liabilities Management (PSALM) Corp. said Thursday in a statement.

Posted: November 8th, 2013 in Latest Business Stories | Read More »

SPC unit bids highest for power barges

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SPC Power subsidiary SPC Island Power Corp. submitted the highest bid for the first package of power barges (PBs) put up for auction by the Power Sector Assets and Liabilities Management Corp. (PSALM).

Posted: October 31st, 2013 in Headlines | Read More »

10 firms seen vying for 588-MW Unified Leyte steam facilities

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Prospective bidders, including some of the biggest players in the local energy sector, have swarmed the pre-bidding conference for the 588-megawatt Unified Leyte geothermal facilities, said state-run Power Sector Assets and Liabilities Management Corp. in a statement.

Posted: August 28th, 2013 in Headlines | Read More »

PSALM to bid out 153-MW Naga complex again

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State-run Power Sector Assets and Liabilities Management (PSALM) Corp. is bidding out anew the 153-megawatt Naga power complex in Cebu, following a failed attempt to dispose of the facility in July.

Posted: August 27th, 2013 in Headlines | Read More »

Vivant to bid for 4 power barges in PSALM auction

power-barge

Publicly-listed Vivant Corporation will bid for four power barges being auctioned off by the Power Sector Assets and Liabilities Management Corp. (PSALM).

Posted: August 23rd, 2013 in Latest Business Stories | Read More »

Government to bid out rights for Leyte geothermal plants

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psalm

The Power Sector Assets and Liabilities Management Corporation (PSALM) has started the selection process for Independent Power Producer Administrators (IPPAs) that will assume ownership of the Unified Leyte Geothermal Power Plants’ output. Bidding is set to take place in October this year.

Posted: August 1st, 2013 in Latest Business Stories | Read More »

PSALM cancels Naga power complex bidding

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psalm

The Power Sector Assets and Liabilities Management (PSALM) Corp. has called off Wednesday’s tender of the 153.1-megawatt Naga Power Plant Complex in Cebu, citing lack of qualified bidders.

Posted: July 22nd, 2013 in Latest Business Stories | Read More »

Aboitiz unit eyes PSALM power barges

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Aboitiz Power is mulling over plans to bid for power barges to be auctioned off by state-run Power Sector Assets and Liabilities Management (PSALM) Corp.

Posted: July 20th, 2013 in Headlines | Read More »

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