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Sunday, 5th February 2023



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Steve Psinakis: Fifty years of serving the Lopez Group and the country he made his own

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R-L: Lopez Group chairman emeritus Oscar M. Lopez, ABS-CBN chairman Eugenio Lopez III and Lopez Holdings chairman Manuel M. Lopez, with Yuri Psinakis, Rogy Panganiban and Michael Psinakis, take a moment to remember a cherished family member and colleagueR-L: Lopez Group chairman emeritus Oscar M. Lopez, ABS-CBN chairman Eugenio Lopez III and Lopez Holdings chairman Manuel M. Lopez, with Yuri Psinakis, Rogy Panganiban and Michael Psinakis, take a moment to remember a cherished family member and colleagueSteve Psinakis, a GreekAmerican mechanical engineer, dedicated more than five decades of his top-notch technical expertise and his managerial and leadership skills to helping the Lopez Group reestablish its preeminence in the power generation industry.

Psinakis played a key role in the return of the Lopez Group to the power generation business. He led the successful bid for and construction of the 225-megawatt Bauang power plant in La Union that was completed under budget and ahead of schedule. It was the fastest commissioning achieved for a plant of its type anywhere in the world. While it was the world’s largest medium-speed diesel plant at the time, it also offered the cheapest power among the many fast-track plants constructed.

According to Lopez Group chairman emeritus Oscar M. Lopez (OML), “without Steve, I do not think we would have considered reentering power generation. We did not have the know-how. Steve had the experience and credibility, and he convinced us that we could do it.”

Lopez Holdings chairman Manuel M. Lopez said: “He provided guidance and leadership and his advice was always sought when it came to power generation. He played a crucial role.”

As a result of winning the Bauang Power project, Psinakis formed an energy task force to carry out research and development for the new thrust into power generation.

OML said further: “Steve built a strong team of commercial and technical people who could take on newer and larger power plant projects. Bauang was the first. Others would follow during the next 10 years, Panay, Sta. Rita, San Lorenzo.”

Psinakis left a mark of his leadership and influence on people he worked with.

Said Ernesto Pantangco, former president of Bauang Private Power Corporation: “He taught us values. He taught us hard work. He led by example. One of his famous quotes was, ‘If you have to do xeroxing, you don’t look for the secretary to xerox it. Just do it yourself.’ And most of the time, he did the xeroxing himself.”

Giles Puno, president of First Philippine Holdings Corporation, said: “Last year, we drew the line that we will not do coal. Steve was no longer there, but that decision was made on the basis of the history we had with very strong leaders like Steve who basically led the way in terms of being resilient and being faithful to the values.”

Psinakis also made significant contributions to the process of nation building. His love for the Philippines was overflowing, although he would often rant about things that did not do good for the country. At great risk to his life, he fought against martial law. When freedom was regained, he worked harder than ever to help the Lopez Group regain its credibility and prestige.

"His courage, his malasakit to the country. His patriotism. He was American, but he loved this country so much,” said Puno. Psinakis’ heroism was recognized beyond the Lopez companies.

The late President Cory Aquino wrote of Sen. Ninoy Aquino’s close friend in the foreword of his 2008 biography, “A Country Not Even His Own”:“Steve’s steadfast commitment all those years to the struggle to restore democracy in the Philippines was admirable and inspirational. For him, the Filipino cause took precedence over everything else and never did he waver in making whatever sacrifices were necessary.”

In 2012, Psinakis and four others were conferred the Ninoy Aquino Movement Medal of Valor for their leadership role in the struggle against martial law.

Psinakis was married to Presy Lopez-Psinakis, the only daughter of Eugenio Lopez Sr. whom he met while he was working for Meralco. Lopez-Psinakis recently passed on, some two years after her husband, both of them dearly missed by all in the Lopez Group.

More Filipinos receive Kapamilya love from ‘Pantawid ng Pag-ibig’

Published on Thursday, 20 August 2020 | Hits:566

More Filipinos receive Kapamilya love from ‘Pantawid ng Pag-ibig’

Kapamilya love reached more Filipinos as ABS-CBN Foundation Inc.’s (AFI) “Pantawid ng Pag-ibig: Isang Daan, Isang Pamilya” campaign distributed food packs and ligtas bags outside Metro Manila for those greatly

Mayors express gratitude wellness. to ABS-CBN, AFI

Published on Thursday, 18 June 2020 | Hits:572

Local government units (LGUs) found it challenging to quickly provide relief to families affected by the quarantine. That is why several mayors in Metro Manila and nearby provinces have expressed

‘Pantawid ng Pag-ibig’ gears up for 2nd phase

Published on Thursday, 18 June 2020 | Hits:536

‘Pantawid ng Pag-ibig’ gears up for 2nd phase

As Filipino families continue to struggle with the loss of jobs, ABS-CBN Foundation Inc. (AFI) moves to the second phase of the “Pantawid ng Pagibig” campaign with the aim of

Over 600,000 families to benefit as ‘Pantawid ng Pag-ibig’ raises P350M

Published on Tuesday, 19 May 2020 | Hits:615

Over 600,000 families to benefit as ‘Pantawid ng Pag-ibig’ raises P350M

The “Pantawid ng Pag-ibig” campaign of ABS-CBN and ABS-CBN Foundation Inc. (AFI) has raised P350 million in cash donations and pledges for the benefit of over 600,000 families in Metro

ABS-CBN reaches out to evacuees via ‘Tulong-Tulong sa Taal’

Published on Thursday, 06 February 2020 | Hits:559

ABS-CBN reaches out to evacuees via ‘Tulong-Tulong sa Taal’

NO evacuee will be left behind. This is the promise of ABSCBN as it launches the “Tulong-Tulong sa Taal” campaign, which aims to unite the nation in helping Filipinos affected

ABS-CBN Foundation Europe to hold telethon for London Grenfell Tower fire victims

Published on Friday, 23 June 2017 | Hits:4193

ABS-CBN Foundation Europe to hold telethon for London Grenfell Tower fire victims

ABS-CBN Foundation Europe CIO joins public and private support for the victims of the massive fire that hit the 24-storey residential London Grenfell Tower in West London on June 14

Donate to Operation Sagip Surigao to help earthquake victims

Published on Friday, 17 February 2017 | Hits:4475

Donate to Operation Sagip Surigao to help earthquake victims

A state of calamity has been declared by the Mayor of Surigao City. Relief and rescue operations are underway for the barangays that have been affected.

Bulusan workers turn to backyard farming for steady food supply

Published on Tuesday, 19 May 2020 | Hits:1228

Bulusan workers turn to backyard farming for steady food supply

The Rural Workers Association of San Rafael (RWASR) based in Bulusan, Sorsogon, which runs Nasipit Eco-Agri Farm, has a simple message for their fellow Filipinos: “There is no problem we

‘Ligtas Pilipinas’ helps educate Filipinos on COVID-19

Published on Thursday, 16 April 2020 | Hits:1128

‘Ligtas Pilipinas’ helps educate Filipinos on COVID-19

ABS-CBN helps arm Filipinos with relevant information to stop the spread of disease through its “Ligtas Pilipinas sa COVID-19” campaign on radio, TV and online.

ABS-CBN delivers protective gear, food to health workers

Published on Thursday, 16 April 2020 | Hits:1282

ABS-CBN delivers protective gear, food to health workers

HELP came through for health workers in East Avenue Medical Center after ABS-CBN delivered masks and other protective gear and snacks to show support and Kapamilya love to those leading

‘G Diaries’ bags academic excellence awards

Published on Monday, 09 March 2020 | Hits:936

‘G Diaries’ bags academic excellence awards

“Maraming, maraming salamat po sa award na ipinagkaloob ninyo sa amin. Alay namin ito sa kapatid kong si Gina Lopez,” said “G Diaries” host and Bantay Bata 163 executive director

Finally home

Published on Monday, 09 March 2020 | Hits:999

Finally home

She could hardly contain her joy and excitement when she saw her son walking towards her. She welcomed him with tight hugs and happy tears as a loving mother would

ALKFI renames building in honor of Gina Lopez

Published on Monday, 09 March 2020 | Hits:760

ALKFI renames building in honor of Gina Lopez

ABS-CBN Lingkod Kapamilya Foundation Inc. (ALKFI) renamed its building Gina Lopez Building in honor of its late chairperson and founder of ALKFI programs Bantay Bata 163 and Bantay Kalikasan.

Fighting child malnutrition with Alaska Milk

Published on Thursday, 06 February 2020 | Hits:966

Fighting child malnutrition with Alaska Milk

ACCORDING to UNICEF, 95 children in the Philippines die every day because of malnutrition. This is one of the reasons Alaska Milk Corporation supports the advocacy of ABS-CBN Lingkod Kapamilya

Bantay Bata, Globe activate #163 helpline for free

Published on Monday, 16 December 2019 | Hits:1464

Bantay Bata, Globe activate #163 helpline for free

IN 2015, Unicef and the Council for the Welfare of Children conducted the National Baseline Study on Violence Against Children in the Philippines, which indicated that eight out of 10

For the Love of Children

Published on Friday, 05 January 2018 | Hits:1480

For the Love of Children

  For the Love of Children For the Love of Children   These children live everyday making ends meet without losing hope that a better future awaits them. Together, let’s keep their hopes alive

New World Hotels & Resorts Hold Run & Raise 2018

Published on Wednesday, 20 December 2017 | Hits:1774

New World Hotels & Resorts Hold Run & Raise 2018

New World Hotels and Resorts gears up for another exciting edition of Run & Raise in 2018. Now on its fourth year, Run & Raise 4 will be held at

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Bayan Academy Calendar

BAYAN Academy offers the following certificate training courses this month:

June 18-19: Market Research

June 25-26: Human Resource Management For rates, call Carol Arcaya at 426-3140. Bayan Academy reserves the right to change course dates.

 

June 18-19:

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