THE Power Sector Assets and Liabilities Management Corp. (Psalm) on Friday denounced San Miguel Corp.’s (SMC) claim that it had no payables to the state-run corporation after paying P314.6 billion for administering the 1,200-megawatt Ilijan combined-cycle power plant.
The standing order of the current Psalm board of directors, which includes Finance Secretary Carlos Dominguez 3rd and Energy Secretary Alfonso Cusi, is to collect the arrears of SMC power unit South Premiere Power Corp.
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