State-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that it would be able to trim down outstanding financial obligations by P23 billion this year on continued flow of proceeds from the sale of National Power Corporation's (NPC) assets.
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PSALM aims to privatize hydro plants under IPP contracts in 2021 on January 20, 2021 at 10:52 am
The government, through the Power Sector Assets and Liabilities Management Corporation (PSALM), looks to privatize its hydroelectric power plants (HEPPs) under Independent Power Producer (IPP) contracts this year, with a study by the Asian Development Bank (ADB) nearing completion.
PSALM President and CEO Irene Garcia said that the ADB is expecting to finish its study on the privatization options for the Caliraya-Botocan-Kalayaan (CBK) and the Casecnan HEPPs within the month. The state-run company tapped the ADB last year for the said study.
The Department of Energy (DOE), in its 37th Electric Power Industry Reform Act (EPIRA) Implementation Status Report, said the privatization process for the CBK and Casecnan HEPPs would begin this year.