In an emailed statement on Tuesday, PSALM reported that it was able to reduce its financial obligations by more than a third or P195.4 billion since President Rodrigo Duterte assumed office in June 2016.
State-run Power Sector Assets and Liabilities Management Corp. is waiting for the inputs of the incoming administration for the privatization of Casecnan hydroelectric power plant, which is targeted to start in the second half.
The National Irrigation Administration (NIA) has transferred its 60-percent ownership of the P33.75-billion Casecnan Multipurpose Irrigation and Power Project (CMIPP) to the Power Sector Assets and Liabilities Management Corp. (PSALM). NIA Administrator Ricardo R. Visaya and PSALM President and CEO Irene Joy Besido-Garcia signed the Memorandum of Agreement (MOA) for…
PSALM thumbs down park in Paco assets | Ma Stella F Arnaldo businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.