The Power Sector Assets and Liabilities Management Corp. (Psalm) has successfully privatized its real estate assets in Nasipit in Agusan del Norte and Maco in Compostela Valley, raising a total of P36.23 million that can be utilized to pay for remaining liabilities of the National Power Corp. (NPC).
In a statement, Psalm said the lot in Maco with an area of 1,595 square meters was awarded to Therma Marine Inc. with it winning bid amounting to P3.20 million, and the lot with an area of 3,395 sqm in Nasipit was awarded also to Therma Marine Inc. for P4.41 million.
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