THE Power Sector Assets and Liabilities Management Corp. (Psalm) defended its decision to terminate the contract appointing a unit of San Miguel Corp. (SMC) as independent power producer administrator for the 1,200-megawatt (MW) Ilijan combined cycle power plant.
Psalm President and Chief Executive Officer Lourdes Alzona said the move was intended to protect the interest of government and power consumers in the Batangas-based power facility.
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