Psalm - updates

Rappler's latest stories on Psalm


PHINMA Energy eyes 45-megawatt solar plant in Batangas

Sep 13, 2017 - 8:30 PM

The company wins a solar service contract for the right to explore and develop a 486 hectare area in Batangas from the Department of Energy

PHINMA Energy to file case against PSALM

Sep 11, 2017 - 11:00 PM

The case is to stop PSALM from removing PHINMA Energy as administrator of a 40 megawatt geothermal power plant in Leyte

PSALM seeks to impose additional universal charge on electricity users

Jul 09, 2017 - 9:55 PM

State run PSALM requests regulatory approval to pass on to consumers the National Power Corporation s P3 7 billion debt

UNIVERSAL CHARGE. PSALM has sought an approval from the Energy Regulatory Commission (ERC) to collect P0.0429 per kilowatt hour (kWh) for one year. Rappler file photo

10 gov’t firms fail to remit P68B in dividends – COA

Oct 31, 2016 - 7:09 PM

State auditors find that from 2004 to 2014 these GOCCs either did not declare failed to record failed to remit or under remitted their dividends

SC orders awarding of Naga Power Plant to Aboitiz's Therma Power

Oct 13, 2016 - 6:45 PM

A high court ruling gives the operation and ownership contract of the Naga Power Plant Complex to AboitizPower s Therma Power Visayas Incorporated

COURT RULING. The high court upholds the validity of PSALM’s public bidding of the Naga Power Plant in Cebu, which was then awarded to Aboitiz Power’s Therma Power Visayas Incorporated. Rappler file photo

ADB backs first 'climate bond' issuance in Asia-Pacific

Feb 29, 2016 - 8:40 PM

The P10 7B Aboitiz led bond will be boosted by a direct ADB loan of P1 8B for the development of the Tiwi MakBan facilities

REFURBISHING. The money raised for the bonds will go to the development of APRI's Tiwi-Makban geothermal facilities. The MakBan geothermal facility (pictured) located in Sto Tomas Batangas currently has 10 operating units while the Tiwi Geothermal Power located in Albay has 4 operating units.  Both geothermal facilities have a combined generating capacity of 390 megawatts. Photo from AboitizPower's website.

ERC: Probe vs Meralco, gencos over 2013 rate hike a 'priority'

Feb 14, 2016 - 11:19 PM

The commission says a decision would hopefully be coming this year

SMC files plunder complaint against PSALM head

Oct 26, 2015 - 10:08 AM

UPDATED The conglomerate alleges that PSALM President Lourdes Alzona connived with officials of energy firm Team Energy to the detriment of the government and SMC

PSALM’s Ledesma seeks Malacañang intervention over suspension

May 11, 2015 - 7:45 PM

PSALM President CEO Emmanuel Ledesma Jr says the board wrongly interpreted a provision of the Governance Commission for GOCC Law in suspending a presidential appointee like him

DOE plans to delay Mindanao coal plant privatization

May 10, 2015 - 9:26 PM

Energy Secretary Petilla says an early auction could cause price shocks and he wants to wait until other plants are built first

PSALM chief Ledesma on 90-day preventive suspension

May 06, 2015 - 6:07 PM

No official reason is provided for the suspension of Ledesma who is the subject of PSALM employees complaints

Conglomerates seeking to manage Mindanao coal plant

Apr 19, 2015 - 9:57 PM

PSALM also plans to auction the selection and appointment of an IPPA for the Unified Leyte Geothermal Power Plants

There are 12 firms interested in the Independent Power Producer Administrator(IPPA) contract for the 200 MW Mindano Coal Power plant in Misamis Oriental, Mindanao.

Palace reiterates need for emergency powers

Jan 02, 2015 - 6:56 PM

The government is working on other options to mitigate the power shortage especially as summer nears as it awaits lawmakers action on its emergency powers request

Meralco to heed CA’s order on P5B refund

Dec 19, 2014 - 6:08 PM

The utility firm says the appellate court’s order is a ‘welcome relief’ to its consumers

CA orders Meralco to refund P5B to customers

Dec 18, 2014 - 6:07 PM

The Court of Appeals requires the utility firm to refund consumers for the transmission line costs they were forced to pay

Gov't rejects labor suit dues, warns vs power rate hikes

Dec 04, 2014 - 6:12 PM

Finance Secretary Cesar Purisima says that the beneficiaries of the P60 2 billion in back wages were mostly rehired after their termination anyway

Gov’t to earn $3.2B from power gen privatization

Nov 03, 2014 - 8:00 AM

About 1600 megawatts of power generation capacity are up for privatization the Power Sector Assets and Liabilities Management Corporation says

FDC bids P128M for PSALM’s 1st Mindanao IPPA auction

Sep 24, 2014 - 6:07 PM

The winning bidder will manage the Independent Power Producer Administrator contract output of Mt Apo 1 and 2 geothermal power plants in North Cotabato

7 bidders pre-qualify for PSALM’s 1st Mindanao IPPA auction

Sep 23, 2014 - 3:32 PM

Interested parties have until Wednesday September 24 to submit their bids for the Independent Power Producer Administrator contract

Gov’t pushes for Malaya power plant rehab

Sep 14, 2014 - 5:59 PM

The rehabilitation of the power plant will provide additional capacity to the Luzon grid which is expected to undergo power shortages by March 2015

Electricity rates to go up P0.5143/kWh due to PSALM suit

Sep 03, 2014 - 3:14 PM

PSALM warns of a hike in the universal charge if it is forced to settle over P60 B in damages from a suit filed by former employees

San Miguel still interested in Angat hydro power plant

Aug 29, 2014 - 4:53 PM

The government has agreed to sell the facility to South Korea s K Water at a reduced price

Gov't warns of power shortage, addt'l charges amid PSALM's money woes

Aug 26, 2014 - 11:44 PM

PSALM warns a court s garnishment order will paralyze its operations preventing it to address the power shortage next year while the DOE says the order will result in additional charges for consumers

PSALM to bid out 4 gov’t power facilities this year

Aug 25, 2014 - 2:01 PM

Mt Apo 1 and 2 Sucat and Power Barge 104 plants are up for privatization

PSALM approves rehab of Malaya plant

Aug 20, 2014 - 8:43 AM

The rehabilitation of the Malaya Unit 1 will help plug the anticipated power supply deficiency next year

Davao Del Norte, Compostela Valley face massive blackouts on P500-M unpaid dues

Jun 05, 2014 - 3:31 PM

PSALM already issued a final demand to the electric cooperative serving these provinces for failing to settle its financial obligations

Petilla: Other plants violated WESM rules

Feb 13, 2014 - 7:30 PM

It s not only PSALM s Malaya plant that failed to dispatch energy to the grid

VIOLATIONS. Energy Secretary Carlos Petilla says other facilities also violated the Wholesale Electrictiry Spot Market rules. File Photo from AFP.

PSALM: Malaya plant can't always run when needed

Feb 12, 2014 - 6:58 PM

PSALM says the plant has slow start up time and low fuel replenishment rate

NO DISPATCH? PSALM reportedly avoided as much as P1 billion in losses by keeping the Malaya plant offline during the Malampaya shutdown. File Photo from AFP.

Petilla: Illegal for PSALM to make spot market bid without power

Feb 11, 2014 - 10:35 PM

Before the High Court Energy Secretary Jericho Petilla tags as illegal PSALM s spot market bid when it has no ability to dispatch power

Osmeña: Petilla should resign over Meralco rate hike

Jan 25, 2014 - 9:28 PM

Osmeña calculates that using the Malaya plant could have significantly brought down market prices by at least P20

'DYNAMITE MALAYA.' Senators criticize government agencies for failing to use the state-owned Malaya power plant to bring down the prices of electricity and help consumers. Photo by Albert Calvelo/Senate PRIB

‘Burn gov't plant if not helping consumers’

Jan 23, 2014 - 7:36 PM

Osmeña says the government must decide whether or not to keep the state owned Malaya as a security plant or close it down

PSALM avoids losses by keeping plant offline during Malampaya shutdown

Jan 22, 2014 - 10:14 PM

PSALM has been hit for not using the Malaya plant – a move critics said would have mitigated price spikes at WESM

SAVING A BILLION. PSALM reportedly avoided as much as P1 billion in losses by keeping the Malaya plant offline during the Malampaya shutdown. File Photo from AFP.

PSALM offers P2M to Estancia families after oil spill

Nov 27, 2013 - 5:46 PM

PSALM offers financial help to the families in Estancia hit hard by Typhoon Yolanda and an oil spill caused by a barge it owns

RAN AGROUND. Power Barge 103 and its aftereffects on Estancia in Iloilo. Photo by Jonathan Jurilla

World's most expensive printed book sells for $14.2M

Nov 27, 2013 - 2:57 PM

The book s buyer David Rubenstein a billionaire American financier and philanthropist conducted his bid by telephone

GREAT RARITY. It's very important because of its story,' says the auctioneer head of the first book written and printed in America. Photo by Emmanuel Dunnand/AFP

PSALM to rebid Naga power plant on Sept 4

Aug 27, 2013 - 6:37 PM

The agency sets a second bidding after declaring the first a failure

San Miguel to bid for Leyte plants' output

Aug 09, 2013 - 9:39 PM

SMC to participate in the October bidding for Unified Leyte geothermal power contracts

GEOTHERMAL TITAN. This production field is acclaimed as world's largest steam field. Photo from the website of EDC.

Electricity restored in Albay

Jul 31, 2013 - 3:41 PM

UPDATE PEMC says Albay could still face another blackout if the debt ridden Albay Electric Cooperative doesn t start repaying its bills within the week

PSALM to borrow P20-B from govt in Q4

Jul 29, 2013 - 11:54 AM

State owned Power Sector Assets and Liabilities Management Corp PSALM has reduced its borrowing program for the year

Sy-led NGCP mulls prepaying concession fee

Jul 29, 2013 - 11:42 AM

The country s main transmission operator is considering paying in advance part of its remaining concession fee

POWER TRANSMISSION. The privatized power transmission operator wants to prepay contract fee. File photo by Lala Rimando/Rappler

Politics behind P30-B power coops' debt to Psalm?

Jul 15, 2013 - 10:27 AM

The government will not condone the reportedly ballooning debts of electric cooperatives says Energy Secretary Carlos Jericho Petilla

POWER AND DEBTS. The energy chief says the government will not condone the debts electric cooperatives owe state agencies. Photo by AFP

DOE sets auction terms for Leyte geothermal complex

Mar 07, 2013 - 8:07 PM

Energy Secretary Carlos Petilla oversees the auction for the right to administer the 640 MW geothermal power plant in Leyte where he used to be governor

GEOTHERMAL TITAN. This production field is acclaimed as world's largest steam field. Photo from the website of EDC.

PSALM receives $500-M government loan

Jan 08, 2013 - 10:23 AM

The amount will be spent for the agency s funding requirements this year

'Open access' in place by Q3, says energy chief

Feb 01, 2012 - 7:48 PM

Energy Secretary Jose Rene Almendras says power users that consume an average of one megawatt a month could start choosing their power generator this year

PSALM taps hotshot law firm for Lehman claim

Feb 01, 2012 - 6:23 PM

PSALM has enlisted Pinsent Masons for its 3 4 million claim against bankrupt Lehman Brothers Special Financing Inc