Irene Joy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tourist fined for resisting police at Rarotonga Airport

The National Irrigation Administration (NIA) has transferred 60 percent of its 100 percent ownership over the massive P33.75 billion Casecnan Multipurpose Irrigation and Power Project (CMIPP) to the Power Sector Assets and Liabilities Management Corporation (PSALM). NIA Administrator Ricardo R. V

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 excee...

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 agr...