State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is seeking the help of the national government (NG) for possible condonation of "swelling" debts of its problematic customer-accounts, primarily the liabilities of electric cooperatives (ECs) that have been rising in billio
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that it is pursuing P34.04 billion worth of ‘overdue payables’ from South Premiere Power Corporation (SPPC), a subsidiary of San Miguel Corporation that served as independent power producer administrator (IPPA) of
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has P27.140 billion receivables from South Premiere Power Corporation (SPPC), a company under San Miguel group that served as independent power producer administrator (IPPA) of the 1,200-megawatt Ilijan gas-fired power plan
State-run Power Sector Assets and Liabilities Management Corp. said it would have leeway to hire private lawyers for its future privatization efforts after the Supreme Court provided remedial measures for government agencies to tap external legal advisors.
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.