DOE: PH risks P300-B financial setback if Psalm life not extended

The country’s Energy chief echoed President Ferdinand Marcos Jr.’s call to review the key law on electricity to extend the corporate life of state-owned Power Sector Assets and Liabilities Management Corp. (Psalm) amid fears it could burden the government with P300 billion worth of financial obligations. According to Energy Secretary Raphael Lotilla, some amendments the
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