PSALM renews service contract with NPC

STATE-RUN National Power Corporation (NPC) will remain as the service provider for much of the remaining power and related assets of Power Sector Assets and Liabilities Management (PSALM), as the latter has renewed its Operation and Maintenance Agreement (OMA) with NPC.

“Under the guidance of the Board of Directors of PSALM and NPC, we are happy to report that we have completed negotiations on the OMA with NPC,” PSALM President and Chief Executive Officer (CEO) Emmanuel R. Ledesma, Jr. said.