The government is delaying the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) to focus first on the sale of the Casecnan Multi-Purpose Project (CMPP). Based on a report from The
The proposed transformation of the National Power Corporation (NAPOCOR) complex in Diliman, Quezon City into a mixed-use commercial property will, among other things, require the extension of the Power Sector Assets and
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) said on Friday that it will immediately procure an Operation and Maintenance Service Contract (OMSC) for the Casecnan Multi-Purpose Project (CMPP). The move
The Department of Finance (DOF) said it will seek funding sources and come up with programs aimed at attracting investments, as the country seeks to shift away from carbon-based power generation. Based
The much-awaited rehabilitation of the Agus-Pulangi hydroelectric power plant system in Mindanao will finally push through after the World Bank (WB) approved its $700,000 (around Php33.4 million) financing to jumpstart preparations for
The government is planning to acquire coal-fired power plants in Mindanao, especially the older ones, in order to shut them down once the Agus-Pulangi hydropower plants start running at higher capacity, said
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) has rejected the new condition recently imposed by SMC Global Power Holdings (SMCGPH) unit South Premiere Power Corporation (SPPC) for the ownership of
Sec. Carlos Dominguez III said that the Department of Finance (DOF) will look into the supposed insertions Congress made in its version of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill,
Proposed pioneer incentives for Php65 billion worth of liquefied natural gas (LNG) import terminal projects under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill are currently being deliberated in Congress. Sen. Sherwin
Government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) said that it was able to reduce its debts in 2020, while cutting interest rates and improving collections. In a statement, PSALM reported
