PSALM cuts liabilities to P284B
The Power Sector Assets and Liabilities Management (PSALM) Corp. has reduced its financial liabilities to P283.65 billion as of end-March from the 2003 pea...
Source: malaya.com.ph
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Way forward
“Amending the EPIRA to give more teeth to the ERC and even the DoE pursuing abusive big corporations in the power industry may work."
Source: tribune.net.ph
First Gen eyes additional RE projects in Nueva Ecija
Lopez-led First Gen Corp. is eyeing to develop solar and wind farms as well as a battery energy storage system (BESS) around its hydroelectric power plant compl
Source: tribune.net.ph
First Gen to raise generation capacity via new RE projects
First Gen Corp. has lined up new renewable energy (RE) projects to increase its target renewables capacity to 9 gigawatts (GW) or 9,000 megawatts (MW) from the current 1.5 GW by 2030. The Lopez-led firm First Gen said Monday it is aiming to grow its total power generation capacity to…
Source: businessmirror.com.ph
PSALM will turn over property in Sucat to DOTr
The Power Sector Assets and Liabilities Management Corp. (PSALM) will soon turn over to the Department of Transportation (DOTr) the 11-hectare Sucat property following the latter’s initial payment. According to PSALM, the DoTr recently paid P5.176 billion representing the first tranche of the P5.192-billion purchase price for the Sucat properties.…
Source: businessmirror.com.ph