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PH turns over Angat hydro plant to K-Water

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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

The Philippine government has finally privatized the operations of the 218-megawatt (MW) Angat Hydroelectric Power Plant (HEPP)—more than four years after it was auctioned off.

Posted: November 1st, 2014 in Headlines,Latest Business Stories | Read More »

Mindanao coal contract up for bid

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The Power Sector Assets and Liabilities Management (PSALM) Corp. is set to auction off the government’s supply contract for the 210-megawatt (MW) Mindanao coal-fired plant.

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

Malaya rehab completion may miss deadline

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The overhaul of the aging Malaya coal-fired power plant may overshoot the timeline set during the contract bidding, Power Sector Assets and Liabilities Management (PSALM) Corp. said.

Posted: October 15th, 2014 in Headlines | Read More »

750MW from Malaya overhaul, ILP to help Luzon

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FILE PHOTO

Some 750 megawatts of power capacity may be available by early 2015 to ease the power crunch that could plague Luzon with outages in the summer months.

Posted: October 11th, 2014 in Headlines,Latest Business Stories | Read More »

PSALM warned vs passing on class suit costs

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Bayan Muna party-list Representative Teddy Casiño. INQUIRER FILE PHOTO

An electricity consumer group has warned Power Sector Assets and Liabilities Management Corp. (PSALM) against passing on to consumers its cost for settling a class suit that requires the state firm to cough up over P60.24 billion.

Posted: September 5th, 2014 in Headlines,Latest Business Stories | Read More »

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