THE Power Sector Assets and Liabilities Management Corp. (Psalm) on Friday refuted San Miguel Corp.’s claim that it learned of its payables from the media instead of the state-run corporation.
Earlier, SMC maintained its power arm, South Premiere Power Corp. (SPPC), has not received any billing statement from Psalm regarding the unpaid amount of P23.94 billion as of Dec. 31, 2019 for administering the 1,200-megawatt Ilijan combined-cycle power plant in Batangas.
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