PSALM to remain as major power supplier

The remaining power assets owned by the government, which are major suppliers in Mindanao, will remain dedicated to meet the electricity demands of customers in the region until they are privatized as required by law, the Power Sector Assets and Liabilities Management Corp. (PSALM) said.

Majority of power customers in Mindanao composed of electric cooperatives (ECs), private utilities, industries and government agencies obtain their power requirements from PSALM, officer-in-charge Lourdes Alzona said in a statement.

Currently, PSALM’s existing power contracts in Mindanao cover 49 customers in the region, requiring a total 3,843.71 gigawatt-hours (gwh) of energy capacity.

Read more here.

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