PSALM Settles PhP52.55B Financial Obligations
The Power Sector Assets and Liabilities Management Corp. (PSALM) has settled its financial obligations totaling PhP52.55 billion as of end-September.
In a statement, the state-run firm said the amount consisted of PhP19.53 billion in debts, PhP13.27 billion in interest, and PhP19.75 billion in lease obligations to the independent power producers (IPPs).
Source: The Philippine Star