The law mandates PSALM to manage the orderly sale, disposition, and privatization of the NPC's generation assets, real estate and other disposable assets
, and Independent Power Producer contracts with the objective of liquidating all NPC financial obligations and stranded contract costs in an optimal manner, it said.
We are not units of disposable assets
or cannon fodder for power-mad politicians.
The SC explained that, under the Electric Power Industry Reform Act, PSALM should assume all Napocor's existing generation assets, liabilities, independent power producer contracts, real estate and other disposable assets
In addition to power assets, the law also directed PSALM to take ownership and implement a sale or privatization program for real estate and all other disposable assets
Citing Section 50 of the Epira law, the high court said: 'Psalm's principal purpose is to manage the orderly sale, disposition, and privatization of the generations assets, real estate and other disposable assets
, and contracts of the National Power Corporation with the objective of liquidating all its financial obligations and stranded contract costs.'
But the scary part is once all the disposable assets
have gone, what then?
I feel strongly that these developments raise a number of important issues: their artificial nature in terms of social intercourse and community; their location on the fringe of towns, making them difficult to access by public transport; and their potential for creating social division as they cannot, in practice, be bought or leased by older people with no disposable assets
. I fully appreciate that these are matters which those two councils were unable to comment on as they fall outside present national planning policy, but I remain worried that without these considerations being brought into the planning loop, such developments will turn out to be the complete antithesis of a "lifetime neighbourhood" model I would like to see adopted.
These guys are hardly disposable assets
, collectively they set the club back close to PS5m.
Billion pound television deals and lucrative sponsorship agreements have well and truly made fans disposable assets
in the eyes of the men who have no real love for the game.
A new "Holding" division or asset fund will be created to handle some of the bank's disposable assets
and any other non-banking business that have commercial value, such as 250 properties in Greece that have a market value of about 100 mln euros.
"Between 2006 and 2011 the number of centa-millionaires - those with disposable assets
of more than $100 million [AED367.3m] - increased by 29 per cent globally," said Ms Everett-Allen.