PSALM continues to work on negotiated sale of ULGPP

Aside from the bulk capacity, PSALM also auctioned off the asset’s “strips” of capacity. The following won: ULGEI, FEDC Utilities Inc., Trans-Asia and Aboitiz Energy Solutions Inc. each bagged the rights for 40 MW, while Good Friends Hydro Resources Corp. was awarded with 20 MW; Vivant Energy Corp., 17MW; and Waterfront Mactan Casino Hotel Inc., 3MW.