PSALM to turn over power plants

THE Power Sector Assets and Liabilities Management Corp. (PSALM) said it will turn over next week management of the contracted capacities of the Mt. Apo geothermal power plants as part of its mandate to privatize state-owned power assets.

Emmanuel Ledesma Jr., PSALM president and chief executive officer, said the turnover means a lot to the agency. “It means a lot since it clearly shows that we are fulfilling our mandate in terms of privatization of NPC’s assets,” Ledesma said.