Unocal-linked Philippine Geothermal Inc. (PGI) said it has made “significant progress” with the Power Sector Assets and Liabilities (PSALM) Corporation on the settlement of its long-standing contract dispute with the National Power Corporation (NPC). PGI and PSALM, NPC’s successor-in-interest by virtue of RA 9136 or the Electric Power Industry Reform Act (EPIRA), have recently come…

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