PH Dealbook: PSALM eyes buyout of hydro power plants; BEC, Desco ink deal

PH Dealbook: PSALM eyes buyout of hydro power plants; BEC, Desco ink deal

Visual from Basic Energy Corp website.

In two separate developments in the Philippine power sector, the government-owned Power Sector Assets and Liabilities Management Corp (PSALM) is eyeing a buyout option for two hydro-plants, while listed Basic Energy Corp has signed a partnership deal with Desco Inc for the development of its geothermal project.

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