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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 344287 [Title] => Lawmakers want power plant contract scrapped [Summary] => Congressmen vowed yesterday to scrap the sale of the P30-billion power plant in Masinloc, Zambales and ask for a new bidding if the winning bidder fails to deliver the $227-million down payment to the government on Friday.
"That is the only logical course of action that the government, through the Power Sector Assets and Liabilities Management (PSALM) Corp., should take if the bidder fails to meet its third deadline on June 30," said Rep. Teodoro Casiño of the party-list group Bayan Muna.
[DatePublished] => 2006-06-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 343263 [Title] => Masinloc buyer a mere broker [Summary] => The cat is now out of the bag: the buyer of the state-owned P30-billion power plant in Masinloc, Zambales, is just a "mere contract broker that is now cashing in on its operation," Rep. Teodoro Casiño of the party-list group Bayan Muna said yesterday.
"We knew it! This was a big swindle all along!" exclaimed Casiño upon reading newspaper reports that Malaysian power firm Ranhill Bhd was buying out YNN Pacific Consortium Inc. for $8 million (about P424 million) so it can take over and operate the power plant.
[DatePublished] => 2006-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )
RANHILL BHD
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 344287 [Title] => Lawmakers want power plant contract scrapped [Summary] => Congressmen vowed yesterday to scrap the sale of the P30-billion power plant in Masinloc, Zambales and ask for a new bidding if the winning bidder fails to deliver the $227-million down payment to the government on Friday.
"That is the only logical course of action that the government, through the Power Sector Assets and Liabilities Management (PSALM) Corp., should take if the bidder fails to meet its third deadline on June 30," said Rep. Teodoro Casiño of the party-list group Bayan Muna.
[DatePublished] => 2006-06-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 343263 [Title] => Masinloc buyer a mere broker [Summary] => The cat is now out of the bag: the buyer of the state-owned P30-billion power plant in Masinloc, Zambales, is just a "mere contract broker that is now cashing in on its operation," Rep. Teodoro Casiño of the party-list group Bayan Muna said yesterday.
"We knew it! This was a big swindle all along!" exclaimed Casiño upon reading newspaper reports that Malaysian power firm Ranhill Bhd was buying out YNN Pacific Consortium Inc. for $8 million (about P424 million) so it can take over and operate the power plant.
[DatePublished] => 2006-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )
abtest
June 28, 2006 - 12:00am
By Jess Diaz | June 22, 2006 - 12:00am
Recommended
Describing himself as a law-abiding public servant, Sen. Sherwin Gatchalian broke his silence yesterday about the involvement of his family in the Cadillac vehicle with a Senate protocol plate that illegally entered the EDSA busway.
1 day ago
The luxury vehicle bearing the Senate protocol plate “7” that was flagged down along the EDSA bus lane is a vehicle registered with the Gatchalians, according to the Land Transportation Office.
2 days ago
The Land Transportation Office has resorted to issuing certificates of registration printed on plain bond paper as the National Printing Office missed its security paper delivery.
2 days ago
The driver of a luxury sports utility vehicle (SUV) with a protocol plate for senators, who illegally used the EDSA busway on Sunday, November 3, has surrendered to the Land Transportation Office (LTO).
2 days ago
Two days after a Cadillac Escalade entered the EDSA busway and nearly hit a traffic enforcer, with the passenger giving the enforcers the dirty finger as the sport utility vehicle sped away, the Land Transportation Office has yet to trace the owner of the SUV.
3 days ago
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