The Power Sector Assets and Liabilities Management Corp. has paid off P54.75 billion worth of debts, interest and other charges in the first half, bringing down its financial obligations to P315.3 billion as of end-June.
“With regards to payment we have made in first semester of 2023, we have paid total obligations of P54.75 billion. The total financial obligations we have paid as of June has amounted to about P1.9 trillion,” said PSALM President Denis De La Serna. PSALM has privatized 45 power plants, representing 82 percent of the capacity portfolio. The remaining power plants that are up for privatization are the 165-megawatt Casecnan Hydroelectric Power Plant and the Agus-Pulangi Hydroelectric Power Complex.
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