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                    [ArticleID] => 391491
                    [Title] => 5 groups to bid for 600-MW Masinloc power plant
                    [Summary] => 



Five investor groups have submitted letters of interest (LOI) to participate in the bidding for the 600-megawatt (MW) Masinloc coal-fired power plant slated on July 26, a ranking Power Sector Assets and Liabilities Management Corp. (PSALM) official said over the weekend.


PSALM vice president for asset management and electricity trading group Froilan Tampinco said the prospective bidders consist of three foreign groups and two local firms. Of the three foreign groups, two are US-based companies while one is an Asian group.


                    [DatePublished] => 2007-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 352963
                    [Title] => Mirant to draw down $735-M loan to finance recapitalization
                    [Summary] => 



US-based Mirant Corp. is set to drawdown today a $735-million  term-loan to finance its recapitalization prog-ram prior to the divestment of its generation portfolio in the Philippines. 


The loan, backed by Mirant Philippines’ Pagbilao asset, was arranged by Credit Suisse which is also the power firm’s advisor for the sale of Mirant assets in the Philippines.   


Mirant announced last month that it will sell all of its remaining assets in the country as part of its strategy to restructure its finances.


                    [DatePublished] => 2006-08-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
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                    [ArticleID] => 347247
                    [Title] => Local Mirant unit prepares for smooth transition
                    [Summary] => Mirant Philippines Corp., the local subsidiary of Atlanta-based Mirant Corp., said it will continue to operate normally as it remains committed to its employees and the communities it serves.


"We look forward to a smooth and orderly transition, in close coordination with the relevant government agencies until after our auction process is completed," Mirant Philippines chairman and president Jose Leviste Jr. said yesterday.


                    [DatePublished] => 2006-07-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 332735
                    [Title] => Hydropower plant in Cebu remote
                    [Summary] => Because of Cebu's limited water supply, the Aboitiz-led power producer Hydro-electric Development Corp. (HedCor) could not easily invest on hydropower plant to arrest the alarming shortage of power supply in Cebu in the next few years.
                    [DatePublished] => 2006-04-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1298072
                    [AuthorName] => Ehda Dagooc
                    [SectionName] => Freeman Cebu Business
                    [SectionUrl] => cebu-business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 299756
                    [Title] => Spex seeks buyers for excess Malampaya gas production
                    [Summary] => Shell Petroleum Exploration B.V (SPEX) is now holding talks with prospective buyers for the remaining 300-megawatt (MW) from the 3,000-MW Malampaya deep water gas to power project, a ranking company official said.


"We have to eventually sell it.  We have been talking with some parties," Spex general manager for external affairs Facundo Roco said.


Without identifying the interested parties, Roco said those who are eyeing to put up natural gas-run power facilities could be one of the potential buyers of the excess gas in the Malampaya project.


                    [DatePublished] => 2005-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 172641
                    [Title] => Kepco to pay $38.4-M for delay in construction of Ilijan power plant
                    [Summary] => The Korea Electric Co. (Kepco), the contractor for the 1,200-megawatt (MW) Ilijan natural gas power plant, had agreed in principle to pay the government at total of $38.4 million (P1.9 billion) in liquidated damages for the delay in the commercial operation of the $800-million gas-fired facility.


"There has been an agreement in principle which was already approved by the board of the National Power Corp. (Napocor) on the settlement of the liquidated damages," Energy Secretary Vincent S.Perez, told reporters over the weekend.


                    [DatePublished] => 2002-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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KOREA ELECTRIC CO

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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 391491
                    [Title] => 5 groups to bid for 600-MW Masinloc power plant
                    [Summary] => 



Five investor groups have submitted letters of interest (LOI) to participate in the bidding for the 600-megawatt (MW) Masinloc coal-fired power plant slated on July 26, a ranking Power Sector Assets and Liabilities Management Corp. (PSALM) official said over the weekend.


PSALM vice president for asset management and electricity trading group Froilan Tampinco said the prospective bidders consist of three foreign groups and two local firms. Of the three foreign groups, two are US-based companies while one is an Asian group.


                    [DatePublished] => 2007-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 352963
                    [Title] => Mirant to draw down $735-M loan to finance recapitalization
                    [Summary] => 



US-based Mirant Corp. is set to drawdown today a $735-million  term-loan to finance its recapitalization prog-ram prior to the divestment of its generation portfolio in the Philippines. 


The loan, backed by Mirant Philippines’ Pagbilao asset, was arranged by Credit Suisse which is also the power firm’s advisor for the sale of Mirant assets in the Philippines.   


Mirant announced last month that it will sell all of its remaining assets in the country as part of its strategy to restructure its finances.


                    [DatePublished] => 2006-08-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 347247
                    [Title] => Local Mirant unit prepares for smooth transition
                    [Summary] => Mirant Philippines Corp., the local subsidiary of Atlanta-based Mirant Corp., said it will continue to operate normally as it remains committed to its employees and the communities it serves.


"We look forward to a smooth and orderly transition, in close coordination with the relevant government agencies until after our auction process is completed," Mirant Philippines chairman and president Jose Leviste Jr. said yesterday.


                    [DatePublished] => 2006-07-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 332735
                    [Title] => Hydropower plant in Cebu remote
                    [Summary] => Because of Cebu's limited water supply, the Aboitiz-led power producer Hydro-electric Development Corp. (HedCor) could not easily invest on hydropower plant to arrest the alarming shortage of power supply in Cebu in the next few years.
                    [DatePublished] => 2006-04-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1298072
                    [AuthorName] => Ehda Dagooc
                    [SectionName] => Freeman Cebu Business
                    [SectionUrl] => cebu-business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 299756
                    [Title] => Spex seeks buyers for excess Malampaya gas production
                    [Summary] => Shell Petroleum Exploration B.V (SPEX) is now holding talks with prospective buyers for the remaining 300-megawatt (MW) from the 3,000-MW Malampaya deep water gas to power project, a ranking company official said.


"We have to eventually sell it.  We have been talking with some parties," Spex general manager for external affairs Facundo Roco said.


Without identifying the interested parties, Roco said those who are eyeing to put up natural gas-run power facilities could be one of the potential buyers of the excess gas in the Malampaya project.


                    [DatePublished] => 2005-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 172641
                    [Title] => Kepco to pay $38.4-M for delay in construction of Ilijan power plant
                    [Summary] => The Korea Electric Co. (Kepco), the contractor for the 1,200-megawatt (MW) Ilijan natural gas power plant, had agreed in principle to pay the government at total of $38.4 million (P1.9 billion) in liquidated damages for the delay in the commercial operation of the $800-million gas-fired facility.


"There has been an agreement in principle which was already approved by the board of the National Power Corp. (Napocor) on the settlement of the liquidated damages," Energy Secretary Vincent S.Perez, told reporters over the weekend.


                    [DatePublished] => 2002-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

abtest

5 groups to bid for 600-MW Masinloc power plant

By Donnabelle L. Gatdula | March 26, 2007 - 12:00am

Five investor groups have submitted letters of interest (LOI) to participate in the bidding for the 600-megawatt (MW) Masinloc coal-fired power plant slated on July 26, a ranking Power Sector Assets and Liabilities...

Business

Mirant to draw down $735-M loan to finance recapitalization

By Donnabelle L. Gatdula | August 15, 2006 - 12:00am

US-based Mirant Corp. is set to drawdown today a $735-million term-loan to finance its recapitalization prog-ram prior to the divestment of its generation portfolio in the Philippines. The loan, backed...

Business

Local Mirant unit prepares for smooth transition

By Donnabelle L. Gatdula | July 14, 2006 - 12:00am

Mirant Philippines Corp., the local subsidiary of Atlanta-based Mirant Corp., said it will continue to operate normally as it remains committed to its employees and the communities it serves. "We look forward...

Business

Hydropower plant in Cebu remote

By Ehda Dagooc | April 22, 2006 - 12:00am

Because of Cebu's limited water supply, the Aboitiz-led power producer Hydro-electric Development Corp. (HedCor) could not easily invest on hydropower plant to arrest the alarming shortage of power supply in Cebu...

Freeman Cebu Business

Spex seeks buyers for excess Malampaya gas production

By Donnabelle L. Gatdula | October 3, 2005 - 12:00am

Shell Petroleum Exploration B.V (SPEX) is now holding talks with prospective buyers for the remaining 300-megawatt (MW) from the 3,000-MW Malampaya deep water gas to power project, a ranking company official said. "We...

Business

Kepco to pay $38.4-M for delay in construction of Ilijan power plant

August 19, 2002 - 12:00am

The Korea Electric Co. (Kepco), the contractor for the 1,200-megawatt (MW) Ilijan natural gas power plant, had agreed in principle to pay the government at total of $38.4 million (P1.9 billion) in liquidated damages...

Business