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                    [ArticleID] => 343732
                    [Title] => Bankruptcy forces US energy firm to shut down Cavite power plant
                    [Summary] => US-based Covanta Energy will shut down the operation of its 65-megawatt Magellan co-generation plant by the end of this month, industry sources said.


The pullout of the facility, which is serving the power requirement of the Cavite Export Processing Zone, is reportedly part of a global downsizing strategy to be carried out by the American firm starting end-June this year to trim down losses.


Despite this, National Power Corp. (Napocor) president Cyril del Callar has assured there would be no power interruption in the affected area.


                    [DatePublished] => 2006-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 164096
                    [Title] => No take-or-pay deal with PEZA — Covanta
                    [Summary] => The country manager of Covanta Energy has assured the House committee on energy that its power supply contract for the two economic zones in Cavite and Bataan is not covered by a take-or-pay provision.


"The Philippine Economic Zone Authority (PEZA) pays only for electricity that it sells to its locators and is, in fact, given an eight percent discount from the National Power Corp. (Napocor) grid rate," Oliver Cruz said.


                    [DatePublished] => 2002-06-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Nation
                    [SectionUrl] => nation
                    [URL] => 
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COVANTA

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                    [ArticleID] => 343732
                    [Title] => Bankruptcy forces US energy firm to shut down Cavite power plant
                    [Summary] => US-based Covanta Energy will shut down the operation of its 65-megawatt Magellan co-generation plant by the end of this month, industry sources said.


The pullout of the facility, which is serving the power requirement of the Cavite Export Processing Zone, is reportedly part of a global downsizing strategy to be carried out by the American firm starting end-June this year to trim down losses.


Despite this, National Power Corp. (Napocor) president Cyril del Callar has assured there would be no power interruption in the affected area.


                    [DatePublished] => 2006-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

            [1] => Array
                (
                    [ArticleID] => 164096
                    [Title] => No take-or-pay deal with PEZA — Covanta
                    [Summary] => The country manager of Covanta Energy has assured the House committee on energy that its power supply contract for the two economic zones in Cavite and Bataan is not covered by a take-or-pay provision.


"The Philippine Economic Zone Authority (PEZA) pays only for electricity that it sells to its locators and is, in fact, given an eight percent discount from the National Power Corp. (Napocor) grid rate," Oliver Cruz said.


                    [DatePublished] => 2002-06-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Nation
                    [SectionUrl] => nation
                    [URL] => 
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)

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Bankruptcy forces US energy firm to shut down Cavite power plant

By Donnabelle L. Gatdula | June 25, 2006 - 12:00am

US-based Covanta Energy will shut down the operation of its 65-megawatt Magellan co-generation plant by the end of this month, industry sources said. The pullout of the facility, which is serving the power requirement...

Business

No take-or-pay deal with PEZA — Covanta

June 10, 2002 - 12:00am

The country manager of Covanta Energy has assured the House committee on energy that its power supply contract for the two economic zones in Cavite and Bataan is not covered by a take-or-pay provision. "The...

Nation