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DOE: PSALM extension vital for PH energy goals

Manila Bulletin

|

April 28, 2025

The Department of Energy (DOE) lauded the 10-year extension granted to the Power Sector Assets and Liabilities Management Corp. (PSALM), a move that will enable the state-run enterprise to fulfill its remaining obligations.

- BY GABRIELL CHRISTEL GALANG

Energy Secretary Raphael P.M. Lotilla said in a statement that PSALM's extension, formalized through Republic Act No. 12179, took effect last April 18.

"The enactment of RA 12179 ensures that PSALM can continue and complete its mandate to privatize its remaining assets," he stated.

This extension of PSALM's corporate life will also facilitate the much-needed rehabilitation of the Agus-Pulangi hydropower complex (APHC).

Manila Bulletin से और कहानियाँ

Manila Bulletin

Manila Bulletin

World Cleanup Day 2025: Humanity’s mounting waste crisis

Today, Sept. 20, the world observes World Cleanup Day, a global movement that goes beyond simple cleanup efforts to spotlight humanity’s mounting waste crisis.

time to read

2 mins

September 20, 2025

Manila Bulletin

16 DPWH personnel in Bulacan suspended over ‘ghost’ projects

The suspension order was endorsed by Vargas to DPWH Secretary Vince B. Dizon last Thursday, Sept. 18.

time to read

3 mins

September 20, 2025

Manila Bulletin

QCPD, Makati police remind rallyists to observe safety, discipline

The Quezon City Police District (QCPD) on Friday, Sept. 19, reminded those who will join rallies and public assemblies in the city to police their ranks, observe safety measures, and opt for peaceful assemblies.

time to read

1 mins

September 20, 2025

Manila Bulletin

Mayor Maan on Marikina floods receding in less than 24 hours: 'Not magic, but community strength

Marikina City Mayor Maan Teodoro said the fast-receding floods in the city, despite it being a natural valley, is not magic but the strength of a community that refuses to give up, built on disaster resilience and the discipline of Marikeños.

time to read

2 mins

September 20, 2025

Manila Bulletin

Offshore wind auction faces port challenge

Offshore wind

time to read

1 min

September 20, 2025

Manila Bulletin

Billions for concrete, pennies for nature

In the proposed P6.793-trillion 2026 National Budget, the Department of Environment and Natural Resources (DENR) is allocated just a sliver of the pie—less than one percent of total appropriations.

time to read

3 mins

September 20, 2025

Manila Bulletin

Vayson out to strike gold vs Collazo

EXTRA INNING

time to read

1 min

September 20, 2025

Manila Bulletin

FEU opens Unity Cup bid

Far Eastern University seeks a strong start in its quest for another title as it takes on Jose Rizal University in Pool B of the 2025 Shakey’s Super League (SSL) Preseason Unity Cup on Saturday, Sept. 20, at the Playtime FilOil Centre in San Juan.

time to read

1 min

September 20, 2025

Manila Bulletin

PBBM signs right-of-way law to speed up infra projects

President Marcos has signed into law Republic Act No. 12289, or the Accelerated and Reformed Right-of-Way (ARROW) Act, introducing sweeping reforms to speed up the acquisition of property for infrastructure projects while ensuring just compensation for landowners.

time to read

2 mins

September 20, 2025

Manila Bulletin

CHED-PCG partnership brings disaster resilience to higher education

To strengthen disaster resilience, environmental stewardship, and community service training in higher education programs, the Commission on Higher Education (CHED) on Wednesday, Sept. 17, signed a landmark Memorandum of Agreement (MOA) with the Philippine Coast Guard (PCG).

time to read

1 min

September 20, 2025

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