PSALM
Leandro Addun is a finance professional with extensive experience in financial management and operations. Currently serving as a Senior Finance Specialist in the Budget and Tax Division at Power Sector Assets and Liabilities Management Corporation since February 2021, Leandro has previously held significant roles including Branch Operations Head at Cebuana Lhuillier Rural Bank and Accounting Manager at Lipschitz, Sampson, Tolentino Concepts Inc. With prior experience in various management positions at Rizal Commercial Banking Corporation and Bank of the Philippine Islands, Leandro has developed a strong foundation in accounting and finance, supported by a Master's degree in Business Administration with a focus on Accounting and Finance, as well as a Bachelor's degree in Accounting from the University of St. Louis Tuguegarao.
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PSALM
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In implementing the restructuring of the power sector, the EPIRA created the Power Sector Assets and Liabilities Management (PSALM) Corporation, a wholly-owned and -controlled government entity, to take over the ownership of all existing generation assets of the National Power Corporation (NPC), independent power producer (IPP) contracts, real estate, and all other disposable assets including the transmission business of the National Transmission Corporation. By the same token, PSALM assumed all outstanding obligations of NPC arising from loans, issuances of bonds, securities, and other instruments of indebtedness. The principal purpose of PSALM, as mandated by the EPIRA, is to manage the orderly sale and privatization of these assets with the objective of liquidating all of NPC's financial obligations in an optimal manner.