San Miguel Global Power, through its South Premier Power Corp. (SPPC), on Thursday dismissed the claims made recently by the Power Sector Assets and Liabilities Management Corp. (PSALM) about its alleged unpaid obligations for the generated capacity of its Ilijan power plant, reiterating that it has already paid a total of P159.67 billion to PSALM as of April.
“This is precisely the reason why we filed a case against PSALM last year – to seek justice from the court, clear the confusion and set the facts straight. We have been diligently paying PSALM what is due. We do not owe PSALM a single centavo. SPPC has fully paid all its obligations under it Independent Power Producer Administration Agreement (IPPA) with government,” San Miguel Global said in a statement.
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