Strategic plan for PSALM's real estate assets : towards debt liquidation, energy security, and development /
Rowena M. Tolentino.
- 166 leaves : color illustrations
Public Management Development Program
To increase and maximize the contribution of real assets to the fulfillment of PSALM's mandate to liquidate the obligation of the National Power Corporation (NPC) and to address the issues and concerns that hamper efficient asset management and privatization, the formulation of a Strategic Plan was prioritized by the PSALM Management in 2014 through the Re-entry Project. The Plan was formulated from 26 August to 31 October 2014 by a Project Team created for the purpose, with the Scholar as Project Manager. The Strategic Plan was officially submitted to the PSALM President and Chief Executive Officer on 05 November 2014. The Plan was formulated in collaboration and in consultation with various stakeholders within and outside PSALM Corporation. The planning process involved government agencies performing functions related to land development and disposal, energy agencies, the academe, and the private sector, specifically the power companies. The Strategic Plan is the proposed blueprint for managing and privatizing PSALM's real estate assets. The Plan contains the following: 1) Asset Profile; 2) List of Legally Feasible Modes of Asset Management and Privatization; 3) Management and Privatization Framework, Strategies, and Process Maps; 4) Asset Management Action Plan; 5) Privatization Action Plan; and 6) Valuation and Commercial Structure Parameters. It also contains proposed parameters and strategies and indicative projects for each aspects/stage of asset management and privatization. Through the use, management, and privatization of real estate properties, the Plan proposes to generate the highest financial return for the liquidation of PSALM's financial obligations. This will eventually reduce stranded and residual debts of the Corporation and minimize additional power charges and taxes. Packaging these assets as locations for new power plants and as sites for new economic activities will achieve energy security and will facilitate economic development...
Power Sector Assets and Liabilities Management Corporation.