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9 firms keen on Mount Apo geo plant

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Nine companies may join the state auction for the deal to manage the power output of the so-called Mount Apo geothermal power plants in North Cotabato province, state firm Power Sector Assets and Liabilities Management Corp. (PSALM) said.

Posted: June 28th, 2014 in Headlines | Read More »

PSALM warns of power outages in Davao del Norte, Compostela Valley

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FILE PHOTO

The provinces of Davao del Norte and Compostela Valley could soon face blackouts due to an impending disconnection as the Davao del Norte Electric Cooperative, Inc. (Daneco) that has been serving them has failed to settle obligations of more than P500 million, the Power Sector Assets and Liabilities Management (Psalm) Corp. said.

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

SPC exercises its bidding right to secure Naga plant

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Listed SPC Power Corp. has asserted its right to beat the highest bid for the 153.1MW Naga power facility in Cebu province being privatized by the Power Sector Assets and Liabilities Management Corp. or PSALM.

Posted: May 23rd, 2014 in Headlines | Read More »

Credit upgrade means more social projects, infra, jobs in PH

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INQUIRER FILE PHOTO

The latest sovereign ratings upgrade the Philippines won from Standard & Poor’s (S&P) this week gives the country more than just bragging rights for having earned its highest credit rating ever.   Officials said the improved rating, which they claimed represents the international community’s more favorable view of the Philippine economy, should translate into tangible [...]

Posted: May 10th, 2014 in Headlines,Latest Business Stories | Read More »

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 »

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