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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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GENERATION AND MAGELLAN CAPITAL HOLDINGS

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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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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