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    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 96365
                    [Title] => Release of $300 M for Ilijan  power project seen in 3 weeks
                    [Summary] => Proponents of the 1,200-megawatt Ilijan gas-fired power plant led by Kepco Philippines Corp. (Kephilco) are optimistic that they will be able to draw down some $300 million from different multilateral creditors within the next two to three weeks.


"We don’t see any problem in drawing down from the loan. We are just waiting for some documents from the Department of Finance (DOF) to be signed within this month. We expect to get documents soon, maybe this week or next week," Kephilco president and chief executive officer Oh In-Taek said in an interview.


                    [DatePublished] => 2001-03-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 98366
                    [Title] => Kepco shelves invest plans
                    [Summary] => Kepco Philippines Inc. (Kepco) has shelved plans to invest in other power-related infrastructure projects.


Kepco which holds a contract for the operation of the 1,200-megawatt (MW) gas-fired power plant in Batangas, is a subsidiary of the Korean Power Corp., one of the biggest power generators in Korea.


Company officials said the current political crisis and the absence of privatization rules for the energy sector are the principal reasons why the Korean firm is holding back on new investments.


                    [DatePublished] => 2000-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 98788
                    [Title] => $475-M package for Ilijan power plant inked today
                    [Summary] => After a delay of nearly 16 months, the $475-million financial package for the 1,250-megawatt (MW) gas-fired power plant in Batangas will be signed and closed today.


The plant will be operated by a consortium led by Kepco-Ilijan Corp. (Keilco) under a 25-year build-operate-transfer (BOT) contract with the National Power Corp. (Napocor). The Keilco consortium will get a $475-million loan from Export-Import Bank of the United States (USEximBank), the Korean EximBank, and the Japan Bank for International Cooperation (JBIC).


                    [DatePublished] => 2000-11-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101399
                    [Title] => MUDC sets P350-M capex budget
                    [Summary] => 

The Magellan Utilities Development Corp. (MUDC) is setting a P350-million
capital expenditures outlay for this year. MUDC is a member of the F&J
Prince Group of Companies, which include F&J Prince Holdings Corp. and
Magellan Capital Holdings Corp.

The principal focus for this year's expenditure is the 320-MW capacity
gas-fired power plant in Pinamucan, Batangas.

It is scheduled for commissioning in year 2004. MUDC is looking at feeding
energy from the Pinamucan power plant to the Manila Electric Corp.
                    [DatePublished] => 2000-01-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

KOREAN POWER CORP

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 96365
                    [Title] => Release of $300 M for Ilijan  power project seen in 3 weeks
                    [Summary] => Proponents of the 1,200-megawatt Ilijan gas-fired power plant led by Kepco Philippines Corp. (Kephilco) are optimistic that they will be able to draw down some $300 million from different multilateral creditors within the next two to three weeks.


"We don’t see any problem in drawing down from the loan. We are just waiting for some documents from the Department of Finance (DOF) to be signed within this month. We expect to get documents soon, maybe this week or next week," Kephilco president and chief executive officer Oh In-Taek said in an interview.


                    [DatePublished] => 2001-03-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 98366
                    [Title] => Kepco shelves invest plans
                    [Summary] => Kepco Philippines Inc. (Kepco) has shelved plans to invest in other power-related infrastructure projects.


Kepco which holds a contract for the operation of the 1,200-megawatt (MW) gas-fired power plant in Batangas, is a subsidiary of the Korean Power Corp., one of the biggest power generators in Korea.


Company officials said the current political crisis and the absence of privatization rules for the energy sector are the principal reasons why the Korean firm is holding back on new investments.


                    [DatePublished] => 2000-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 98788
                    [Title] => $475-M package for Ilijan power plant inked today
                    [Summary] => After a delay of nearly 16 months, the $475-million financial package for the 1,250-megawatt (MW) gas-fired power plant in Batangas will be signed and closed today.


The plant will be operated by a consortium led by Kepco-Ilijan Corp. (Keilco) under a 25-year build-operate-transfer (BOT) contract with the National Power Corp. (Napocor). The Keilco consortium will get a $475-million loan from Export-Import Bank of the United States (USEximBank), the Korean EximBank, and the Japan Bank for International Cooperation (JBIC).


                    [DatePublished] => 2000-11-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101399
                    [Title] => MUDC sets P350-M capex budget
                    [Summary] => 

The Magellan Utilities Development Corp. (MUDC) is setting a P350-million
capital expenditures outlay for this year. MUDC is a member of the F&J
Prince Group of Companies, which include F&J Prince Holdings Corp. and
Magellan Capital Holdings Corp.

The principal focus for this year's expenditure is the 320-MW capacity
gas-fired power plant in Pinamucan, Batangas.

It is scheduled for commissioning in year 2004. MUDC is looking at feeding
energy from the Pinamucan power plant to the Manila Electric Corp.
                    [DatePublished] => 2000-01-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Release of $300 M for Ilijan power project seen in 3 weeks

By Donnabelle L. Gatdula | March 10, 2001 - 12:00am

Proponents of the 1,200-megawatt Ilijan gas-fired power plant led by Kepco Philippines Corp. (Kephilco) are optimistic that they will be able to draw down some $300 million from different multilateral creditors within...

Business

Kepco shelves invest plans

By Ted P. Torres | December 30, 2000 - 12:00am

Kepco Philippines Inc. (Kepco) has shelved plans to invest in other power-related infrastructure projects. Kepco which holds a contract for the operation of the 1,200-megawatt (MW) gas-fired power plant in Batangas,...

Business

$475-M package for Ilijan power plant inked today

November 10, 2000 - 12:00am

After a delay of nearly 16 months, the $475-million financial package for the 1,250-megawatt (MW) gas-fired power plant in Batangas will be signed and closed today. The plant will be operated by a consortium led...

Business

MUDC sets P350-M capex budget

By Ted P. Torres | January 21, 2000 - 12:00am

The Magellan Utilities Development Corp. (MUDC) is setting a P350-million capital expenditures outlay for this year. MUDC is a member of the F&J Prince Group of Companies, which include F&J Prince Holdings...

Business