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Fort Pilar Energy buys Malaya plant for P3.123 B – Manila Bulletin


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. ....

San Carlos , Negros Occidental , Irene Besido Garcia , Department Of Justice , Ac Energy Corporation Of The Ayala , Commission On Audit , Fort Pilar Energy , National Power Corporation , Liabilities Management Corporation , Fort Pilar Energy Inc , Power Sector Assets , Irene Joy , National Power , சான் கார்லோஸ் , நீக்ரோஸ் தற்செயலானது , துறை ஆஃப் நீதி , தரகு ஆன் தணிக்கை , கோட்டை பைலர் ஆற்றல் , தேசிய பவர் நிறுவனம் , பொறுப்புகள் மேலாண்மை நிறுவனம் , கோட்டை பைலர் ஆற்றல் இன்க் , பவர் துறை சொத்துக்கள் , ஐரீந் மகிழ்ச்சி , தேசிய பவர் ,

PSALM secures P202-M prepayment from Sorsogon electric cooperative


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.” ....

Sorsogoni Electric Cooperative , National Power Corporation , Liabilities Management Corporation , Development Bank , State Run Power Sector Assets , Irene Joy , Irene Joy Besido Garcia , தேசிய பவர் நிறுவனம் , பொறுப்புகள் மேலாண்மை நிறுவனம் , வளர்ச்சி வங்கி , நிலை ஓடு பவர் துறை சொத்துக்கள் , ஐரீந் மகிழ்ச்சி ,