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Debt-laden PSALM's asset in Pampanga eyed by 2 firms 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.
Published May 7, 2021, 5:13 PM Filipino firm Fort Pilar Energy Inc. emerged as the winning buyer of the 650-megawatt Malaya thermal power facility with P3.123 billion price offer – the divestment process of which was through a negotiated deal consummated on Friday (May 7). State run Power Sector Assets and Liabilities Management Corporation (PSALM) announced that the plant’s negotiated sale was a “success”; and the tendered purchase price for the Malaya facility had been way higher than the set minimum offer price of P1.845 billion. The winning offer of Fort Pilar Energy heftily exceeded the P2.22 billion bid of AC Energy Corporation of the Ayala group, which also showed sustained interest in the Malaya thermal facility. ....
Obituary: Patricia A. Miller centralmaine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centralmaine.com Daily Mail and Mail on Sunday newspapers.
Published January 19, 2021, 8:00 AM State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has cornered prepayment of P202.106 million from Sorsogon I Electric Cooperative (SORECO I), as part of the restructuring deal that the parties have entered into. For the amount prepaid by the Sorsogon power utility, it was noted that the loan was accessed from the Development Bank of the Philippines (DBP), a government financing institution. PSALM President Irene Joy Besido-Garcia As noted by PSALM President Irene Joy Besido-Garcia, “since SORECO-I entered into restructuring agreement, it religiously paid its monthly amortizations for its obligations and consistently updated its monthly amortizations for deferred accounting adjustment (DAA) charges.” ....