The SHDP is currently reviewing the Reorganization Plan of the Power Sector Assets and Liabilities Management (PSALM) Corporation. PSALM is expected to submit the reviewed plan to the Governance Commission for GOCCs (GCG). Under the Republic Act No. 9136, otherwise known as the Electric Power Industry Reform Act (EPIRA) of 2001, PSALM was created to manage the orderly sale and privatization of power generation and transmission assets with the objective of liquidating all of National Power Corporation’s (NPC) financial obligations in an optimal manner. As a GOCC, PSALM needs to comply with the requirements of the GCG to submit for review and approval the Reorganization or Rationalization Plan embodying the proposed changes on its organizational structure. Feature photo shows the SHDP Team deployed for this project.

Advertisements