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Trans-Asia Oil and Energy Development Corp., the energy arm of the Phinma Group, registered a 74-percent surge in net profits in the first half of 2015 due to the strong performance of its power generation business after a power project started commercial operations in April.

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The Power Sector Assets and Liabilities Management Corp. (PSALM) and National Power Corp. (Napocor) have renewed their operation and maintenance agreement.

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The Power Sector Assets and Liabilities Management (PSALM) Corp. has concluded the sale of Power Barges 101 to 103 to Trans-Asia Oil & Energy Corp., its top official said.

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The Power Sector Assets and Liabilities Management Corp., the government agency handling the sale of state-owned power assets, is aiming to conclude the sale of Power Barges 101 to 103 by the end of the year.

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The Power Sector Assets and Liabilities Management Corp. (PSALM), the government agency tasked to privatize state-owned power assets, has started negotiations with the Phinma Group’s Trans-Asia Oil & Energy Corp. for the privatization of Power Barges 101, 102 and 103.

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The Power Sector Assets and Liabilities Management Corp. (PSALM) has recalculated the possible increase in the universal charge if it is forced to settle up to P62 billion in damages from a class suit filed by the former drivers and mechanics of National Power Corp. (Napocor), the state-owned power company.

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The Power Sector Assets and Liabilities Management Corp. (PSALM) is set to start negotiations with the Phinma Group’s Trans-Asia Oil & Energy Corp. for the privatization of Power Barges 101, 102 and 103.

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                    [Title] => PSALM eyes Angat sale closing in Q1
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The Power Sector Assets and Liabilities Management Corp. (PSALM), the government corporation tasked to privatize state power assets, is eyeing to close the sale of the Angat hydropower plant in Bulacan in the first quarter of 2014.

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POWER BARGES

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The Power Sector Assets and Liabilities Management (PSALM) Corp. has concluded the sale of Power Barges 101 to 103 to Trans-Asia Oil & Energy Corp., its top official said.

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The Power Sector Assets and Liabilities Management Corp., the government agency handling the sale of state-owned power assets, is aiming to conclude the sale of Power Barges 101 to 103 by the end of the year.

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The Power Sector Assets and Liabilities Management Corp. (PSALM), the government agency tasked to privatize state-owned power assets, has started negotiations with the Phinma Group’s Trans-Asia Oil & Energy Corp. for the privatization of Power Barges 101, 102 and 103.

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The Power Sector Assets and Liabilities Management Corp. (PSALM) is set to start negotiations with the Phinma Group’s Trans-Asia Oil & Energy Corp. for the privatization of Power Barges 101, 102 and 103.

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abtest