RAMON Ang-led conglomerate San Miguel Corp. (SMC) maintained it “religiously” pays its dues to the Power Sector Assets and Liabilities Management Corp. (PSALM) despite a legal battle pertaining to the administration of the Ilijan power plant in Batangas.
SMC said in a statement on Thursday that its subsidiary South Premiere Power Corp. (SPPC) has paid PSALM a total of $4.8 billion (P244 billion) in various fees as of October this year for the 1,200-megawatt (MW) natural gas power facility in Batangas.
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