The Power Sector Assets and Liabilities Management (PSALM) Corporation has reduced its Real Property Tax (RPT) liabilities for 2024 from five Build-Operate-Transfer (BOT) power plants. This reduction was through Executive Order (EO)...
The National Grid Corporation of the Philippines (NGCP) won a legal battle against the National Transmission Corporation (TransCo) and the Power Sector Assets and Liabilities Management Corporation (Psalm) after a Singapore arbitral...
President Ferdinand Marcos Jr. has signed an executive order (EO) reducing and condoning real property taxes (RPTs) for independent power producers (IPPs) to safeguard energy sector stability and prevent economic strain. The...
The Power Sector Assets and Liabilities Management Corporation (PSALM) has announced that it will no longer push through with the Independent Power Producer Administrator (IPPA) bidding for the Caliraya-Botocan-Kalayaan (CBK) hydropower complex,...
The Philippine Competitive Commission (PCC) has given the go signal for the privatization of the 165-megawatt (MW) Casecnan hydroelectric power plant in Nueva Ecija (CHEPP) and the 796.46 MW Caliraya-Botocan-Kalayaan (CBK) hydroelectric...
State-controlled Power Sector Assets and Liabilities Management Corporation (PSALM) has received Php 5.176 billion from the Department of Transportation (DOTr) as the first installment for the purchased Sucat properties. Manila Standard reported...
Government-regulated Power Sector Assets and Liabilities Management Corporation (PSALM) will be turning over the 165-megawatt (MW) Casecnan hydroelectric power plant (CHEPP) to Fresh River Lakes Corporation, a part of the Lopez Group....
Fresh River Lakes Corporation (FRLC), a subsidiary of First Gen Corporation, has been granted the “notice of award” following its winning bid for the 165-megawatt (MW) Casecnan Hydroelectric Power Plant (CHEPP). The...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is expected to receive up to $526 million by the end of the year from Fresh River Lakes Corporation following the acquisition of...
First Gen Corporation subsidiary, Fresh River Lakes Corp., has been declared as the winning bid for the 165-megawatt (MW) Casecnan hydroelectric power plant (CHEPP) amounting to USD 526 million. This marks the...
