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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 »

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 »

DOE seeks ‘plan B’ amid PSALM money woes

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DOE Secretary Jericho Petilla. AP FILE PHOTO

With Power Sector Assets and Liabilities Management (PSALM) Corp. facing financial troubles, the government is seeking options in dealing with a potential power supply problem in 2015, Department of Energy (DOE) Secretary Carlos Jericho L. Petilla said.

Posted: August 26th, 2014 in Headlines,Latest Business Stories | Read More »

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