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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 (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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POWER BARGES

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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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abtest

PSALM mulls options on hydro plants’ sale

January 18, 2016 - 9:00am

The Power Sector Assets and Liabilities Management Corp. is mulling more options in the privatization of two government-owned hydropower assets scheduled in 2017.

Business

PSALM settles P52.55 B financial obligations

November 24, 2015 - 9:00am

The Power Sector Assets and Liabilities Management Corp. (PSALM) has settled its financial obligations totaling P52.55 billion as of end-September.f

Business

Trans-Asia profits surge 74% in H1

August 19, 2015 - 10:00am

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...

Business

PSALM, Napocor renew O&M deal for power plants

By Iris Gonzales | March 14, 2015 - 12:00am

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

Business

PSALM concludes sale of power barges

By Iris Gonzales | January 5, 2015 - 12:00am

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.

Business

PSALM finalizing sale of power barges to Phinma unit

By Iris Gonzales | November 24, 2014 - 12:00am

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.

Business

Psalm starts talks with Trans-Asia on privatization of power barges

By Iris Gonzales | October 14, 2014 - 12:00am

The Power Sector Assets and Liabilities Management Corp. (PSALM), the government agency tasked to privatize state-owned power...

Business

PSALM adjusts possible hike in universal charge due to class suit

By Iris Gonzales | September 12, 2014 - 12:00am

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...

Business

PSALM to start talks on sale of power barges

By Iris Gonzales | July 28, 2014 - 12:00am

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 1...

Business

PSALM eyes Angat sale closing in Q1

By Iris Gonzales | December 31, 2013 - 12:00am

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...

Business