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PSALM receives P222 actor accommodation from SAMELCO
MANILA, Philippines — The Ability Sector Assets and Liabilities Management (PSALM) Corp. has accustomed P222.5 actor from Samar I Electric Accommodating Inc. (SAMELCO I) as accommodation for its restructured payables to the agency.
The accommodation was remitted to PSALM through a accommodation anchored by SAMELCO 1 from the Development Bank of the Philippines (DBP).
“We absolutely acknowledge the efforts put in by SAMELCO I in clearing its obligations to PSALM. It is additionally accepted in the acquittal of its account ability bills,” PSALM admiral and arch controlling administrator Irene Besido Garcia said.
With the prepayment, Garcia said SAMELCO 1 could account of the Prompt Acquittal Discount (PPD) affairs starting abutting month.
“PSALM is beholden to SAMELCO 1 for this pre-payment, which will be acclimated for advantageous the actual obligations affected by PSALM from the National Ability Corp.,” she said.
SAMELCO I is additionally on time in the remittance to PSALM of the accepted accuse it calm from consumers.
The acquittal agenda of SAMELCO I’s restructuring acceding with PSALM is until April 2026.
“The restructuring acceding has a accommodation accouterment giving SAMELCO I an advantage to attending for bigger costs agreement if such befalling arises,” PSALM said.
DBP is one of the cyberbanking institutions, in affiliation with PSALM, which offers costs to PSALM’s ability barter with restructured agreements and appropriate acquittal arrangements.
SAMELCO I, a non-stock, non-profit electric cooperative, distributes and provides electricity casework to consumers in the municipalities of Gandara, Matuguinao, San Jorge, Sta. Margarita, Tarangnan, Pagsanghan, and the City of Calbayog, all in the arena of Samar.
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