Conglomerate San Miguel Corp. on Tuesday called on state-run Power Sector Assets and Liabilities Corp. to be transparent in the use of the proceeds from the privatization of government energy assets.
San Miguel president and chief operating officer Ramon Ang also accused PSALM of bullying for repeatedly demanding the payment of alleged debts for the 1,200-megawatt Ilijan natural gas plant while the case was pending in court.
Ang said that while the case was pending at the Mandaluyong Regional Trial Court, PSALM was using its power indiscriminately to mask its own shortcomings. “This is bullying. They cannot just dictate what works best for them. We have to follow due process,” Ang said.
He said PSALM could not unilaterally decide on the issue which should be left for the courts to decide on.
“We continuously honor our obligations. In return, we only ask that they respect the sanctity of our agreement,” Ang said.