News and Events

Misamis seeks deferment of steag IPPA privatization

MANILA, Philippines – The Misamis Oriental Provincial Board is asking the Power Sector Assets and Liabilities Management Corporation (Psalm) to defer the privatization of the Steag State Power Inc. Independent power producer administration (IPPA) contract for its power plants 1 & 2. Read More

Ceneco president wants power deal put on hold

BACOLOD City – Central Negros Electric Cooperative (Ceneco) will ask the Energy Regulation Commission (ERC) to temporarily suspend its power supply contract with FDC Utilities, Inc. (FDCUI). Read More

Lapore: ERC won’t give provisional authority if FDCUI contract anomalous

LAWYER Arnel Lapore, president of Central Negros Electric Cooperative (Ceneco), said that if the Energy Regulatory Commission (ERC) in its initial appreciation of the Filinvest Development Corp. (FDC) Utilities Inc. contract had found it anomalous, it would never have issued a provisional authority. Read More

ERC asked: Stop Ceneco, Filinvest pact

Embattled and dismissed Central Negros Electric Cooperative general manager Sulpicio Lagarde Jr. is requesting the Energy Regulatory Commission to immediately suspend temporarily the implementation of the Filinvest Development Corporation Utilities Inc. contract and renegotiate its onerous provisions. Read More

PSALM resets bidding for contract to manage Mindanao coal facility

MANILA, Philippines – The Power Sector Assets and Liabilities Management Corp. (PSALM) has pushed back the bidding for the privatization of the output of the 210-megawatt Mindanao coal-fired power plant in Misamis Oriental to November this year. Read More

Decision on Leyte Geothermal sale due by October

THE POWER Sector Assets Liabilities Management Corp. (PSALM) will soon decide on the next move for the sale of the Unified Leyte Geothermal Power Plant’s (ULGPP) remaining contracted capacity after the failure of an auction earlier this month. Read More

Bidders for Steag plant down to 6

THE bidders for the 210-megawatt power output of the Mindanao coal fired power plant has been reduced to six, according to Power Sector Assets and Liabilities Management (PSALM) president and chief executive officer Lourdes Alzona. Read More

Six groups in shortlist for bid to manage output of Mindanao coal power plant

MANILA, Philippines – Six groups remain in the running for the privatization of the output of the 210-megawatt Mindanao coal-fired power plant in Misamis Oriental, an official of the Power Sector Assets and Liabilities Management Corp. (PSALM) said.

Originally, 12 power companies expressed interest in administering the output of the Mindanao power plant last April. These are Conal Holdings Corp., FDC Davao Del Norte Power Corp., FirstGen Northern Power Corp., GDF Suez Energy Philippines Inc., Masinloc Power Partners Co. Ltd., Meralco Powergen Corp., Nexif Pte Ltd., SMC Global Power Holdings Corp., SPC Power Corp., Team (Philippines) Energy Corp., Vivant Energy Corp. and Therma South. Read More

6 bidders left for 200-MW Mindanao coal-fired plant

SIX bidders are now vying for the selection and appointment of the Independent Power Producer Administrator (IPPA) for the bulk energy of the 200-megawatt (MW) Mindanao Coal-Fired Thermal Power Plant (Mindanao Coal). Read More

Mindanao coal plant bidders trimmed to 6

Six companies are expected to join the auction for the contract to manage the output of the 200-megawatt Mindanao coal-fired power plant next week, Power Sector Assets and Liabilities Management Corp. president Lourdes Alzona said Friday. Read More