The Aboitiz Group has secured Safety Seal Certifications for various offices and facilities under its strategic business units (SBU) throughout the country as
Published July 19, 2021, 2:10 PM
The receivables of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) from a subsidiary-company of San Miguel Corporation for the capacity payments of the 1,200-megawatt Ilijan gas-fired power plant had been pared to P21.871 billion, as stipulated in the company’s 2020 audited financial statement recently issued by the Commission of Audit.
That scale of receivables of the government-run firm from South Premiere Power Corporation (SPPC), a subsidiary of SMC Global Power Holdings Corp., had been pared from P27.308 billion in 2019.
Because of the reduced receivables of PSALM from SPPC, it was shown that the overall collections the state-run firm has been pursuing from Independent Power Producers (IPPs) as well as with the IPP Administrators (IPPAs) had already been down to P25.720 billion as of end-December 2020; or roughly P7.0 billion lower from P32.504 billion in the previous year.
Electricity consumers in Luzon may expect higher bills as a result of the thin power supply in Luzon, which caused yellow and red alerts to be raised for three straight days early this week, the Department of Energy said Saturday.
TAGUIG, Jan. 16 The Department of Energy (DOE), on instruction of Secretary Alfonso G. Cusi, convened the Energy family and the various power generation companies (GenCos) on Tuesday (12 January), to assess the power situation in Luzon and ensure that there will be enough supply, especially during the summer months.
The three-hour meeting, which was organized by the Electrical Power Industry Management (EPIMB) Bureau headed by Undersecretary Emmanuel P. Juaneza, discussed the anticipated issues relative to ensuring sufficient power capacities in the Luzon Grid.
Undersecretary Juaneza, in his opening statement, cited the need to have sufficient power supply and prevent power outages that inconveniences the consumers and disrupts business operations during the country’s recovery from the effects of the pandemic.