Listed Aboitiz Power Corp. said it is still interested in bidding for the independent power producer administrator (IPPA) contracts of the remaining generation assets of the government. Aboitiz Power president and chief executive Erramon I. Aboitiz told reporters that the company is awaiting the go signal of the Power Sector Assets and Liabilities Management Corp. [...]
Posts Tagged ‘Privatization’
Aboitiz to bid on gov’t power plants (9/27/2010)
Posted in Business World News, tagged Aboitiz, IPPA, Privatization on September 27, 2010 | Leave a Comment »
Firm wants to upgrade plant — DoE (9/08/2010)
Posted in Business World News, tagged Agus, Hydro energy, Mindanao, Privatization on September 8, 2010 | Leave a Comment »
A PRIVATE sector proposal to rehabilitate the Agus hydropower plant in Mindanao has been received by the Department of Energy (DoE), and the agency wants to get permission to lead the project. The plant is supposed to be privatized, and the government is barred by the law that mandated the sale of state power assets [...]
Energy dep’t explores settlement of attached agencies’ obligations (9/07/2010)
Posted in Business World News, tagged Attached agencies, Privatization on September 7, 2010 | Leave a Comment »
THE ENERGY department is exploring the best arrangement for it to settle about P932.12 billion in obligations of agencies attached to it. Energy Secretary Jose Rene D. Almendras said during a public hearing yesterday of the House of Representatives Committee on Energy that, of the total, the Power Sector Assets and Liabilities Management Corp. (PSALM) [...]
Agus-Pulangi privatization deferred to attract investors (8/19/2010)
Posted in Business World News, tagged Hydro energy, Mindanao, Privatization on August 19, 2010 | Leave a Comment »
PRIVATIZATION of the Agus-Pulangi hydroelectric power plant in Mindanao has been deferred by the Department of Energy (DoE) in hopes of managing electricity prices in the region to attract investors. Energy Secretary Jose Rene D. Almendras told reporters that the DoE is recommending to Congress to amend the Electric Power Industry Reform Act of 2006 [...]
FDC seeks stop to sale of remaining NPC assets (7/30/2010)
Posted in Inquirer News, tagged IPPA, NPC, Privatization, PSALM on July 30, 2010 | Leave a Comment »
THE FREEDOM from Debt Coalition has urged the government to suspend the sale of the remaining assets of National Power Corp., pending a comprehensive review of the Electric Power Industry Reform Act (Epira). “It will be truly judicious if the scheduled asset sale of the Power Sector Assets and Liabilities Management Corp. (PSALM) is put [...]
JCPC asked to probe power privatization pitfalls (6/25/2010)
Posted in Manila Bulletin News, tagged JCPC, NGCP, NPC, Privatization, PSALM on June 25, 2010 | Leave a Comment »
The alleged privatization pitfalls committed in the assets of the National Power Corporation (NPC) finally reached the corridor of the Joint Congressional Power Commission (JCPC) which is being asked to investigate the manner in which some facilities were disposed of and on the transactions sealed with private sector takers. It was gathered from the Congressional [...]
‘Zero’ valuation set by PSALM for Malaya plant pressed for review (6/24/2010)
Posted in Manila Bulletin News, tagged IPPA, Malaya, Privatization, PSALM on June 24, 2010 | Leave a Comment »
The ‘zero’ value set by the Power Sector Assets and Liabilities Management Corporation (PSALM) for the 650-megawatt Malaya thermal power facility is being pressed for review, with other concerned government-run energy agencies vouching on the continuing operational efficiencies of the facility. It was gathered that the various energy agencies in the PSALM Board are not [...]
Leyte consumers ask PSALM to defer sale of plants in Leyte (6/23/2010)
Posted in Business World News, tagged Power cost, Privatization, PSALM on June 23, 2010 | Leave a Comment »
Power consumers in Leyte have appealed to state-led Power Sector Assets and Liabilities Management Corp. (PSALM) to defer the bidding for the right to manage the supply contracts of the Unified Leyte geothermal plants pending a review of the government’s privatization policies and pricing scheme in the power sector. In an open letter signed by [...]
KEPCO renews call for Malaya plant sale freeze (6/21/2010)
Posted in Manila Bulletin News, tagged IPPA, Kepco, Malaya, Privatization, PSALM on June 21, 2010 | Leave a Comment »
With the failed bidding outcome on the appointment of Independent Power Producer Administrator (IPPA) for the 650-megawatt Malaya thermal power plant (MTPP), its plant operator Korea Electric Power Corporation (KEPCO)-Philippines renewed its appeal to the Power Sector Assets and Liabilities Management Corporation (PSALM) on the deferment of the asset’s privatization, at least in the next [...]
