Psalm enters talks for Agus-Pulangi rehabilitation

Negotiations are underway between the Power Sector Assets and Liabilities Management Corp. (Psalm) and an energy group for the possible multimillion-dollar rehabilitation of the aging Agus-Pulangi hydropower complex, a top official said. More investors are vying to lead the rehabilitation of the state-owned power asset, with Psalm getting four bids. READ: Agus-Pulangi hydro complex attracts