MANILA, Philippines --- The government is going after electric cooperatives and independent power producer administrators (IPPAs) that owe the state-run Power Sector Assets and Liabilities Management Corp. (Psalm) a total of P59.23 billion at end-2018. In a statement Tuesday, the Department of Finance (DOF) said these long overdue accounts had been transferred to Psalm by the National Power Corp. (Napocor) when Republic Act (RA) No. 9136 or the Epira Law took effect in 2001. Based on Psalm's report to Finance Secretary Carlos G. Dominguez III, who chairs its board of directors, IPPAs' pending obligations reached P28.46 billion as of December last year. However, "some of the IPPA...
Keep on reading: Psalm told to collect P59.23B in unpaid dues from IPPAs, electric coops
from INQUIRER.net http://bit.ly/2WJNEy3
add
Subscribe to:
Post Comments (Atom)
Motorcyclist dead in Lucena collision
LUCENA CITY ---- A motorcyclist running against a one-way street died after he collided with another motorcycle in Lucena City early Friday....
-
MANILA, Philippines - Presidential Spokesperson Salvador Panelo on Wednesday assured that the government will not allow or tolerate the op...
-
NEW YORK --- Harvey Weinstein won a judge's approval Friday to overhaul the defense team in his rape and sexual assault case, replacing ...
-
Senator Leila de Lima called on the Cambodian government on Monday to free five human rights defenders (HRDs) who were sentenced to five yea...
No comments:
Post a Comment