THE Power Sector Assets and Liabilities Management Corp. (Psalm) is sticking to its claim that San Miguel Corp. (SMC) still has unpaid dues for operating the 1,200-megawatt (MW) Ilijan power plant in Batangas province.
In a statement on Wednesday, Psalm reiterated that SMC owes the state-led corporation P19.75 billion under the independent power producer administrator (IPPA) contract to manage the facility through South Premiere Power Corp. (SPPC), a unit of SMC’s power arm SMC Global Power Holdings Corp.
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