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Results (1 - 5 of 61)
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BUSINESS WORLD: P5-B oil, Gas Exploration Contracts Awarded
Date Posted: July 31, 2006
A unit of global investment firm Burgundy Group of Companies will pour close to
P5 billion in fresh investments to explore two oil and gas service areas in Northeast and
Southeast Palawan for the next seven years, a Cabinet official said Friday.
PHILIPPINE STAR: Government To Draw Up Clearer Rules On Cross-ownership In Power Sector
Date Posted: July 25, 2006
The government is expected to draw up clearer rules on cross-ownership in the power sector, the Power Sector Assets and Liabilities Management Corp. (PSALM) said.
MANILA BULLETIN: Retired Plants To Shift To Natural Gas
Date Posted: July 24, 2006
The Department of Energy (DoE) is looking at the conversion of retired oil-based power plants into natural gas fuel as a way of shoring up power supply and bring notches higher the country's bid for energy independence.
PRESS RELEASE: First Gen Not Interested In Masinloc Plant
Date Posted: July 19, 2006
Contrary to criticisms leveled by Economic Planning Secretary Romulo Neri that the vested interests of First Gen and Meralco in the Masinloc power plant caused the failure of the Masinloc privatization, First Gen Vice Chairman and CEO Peter Garrucho categorically states that First Gen has absolutely no interest whatsoever in bidding for the Masinloc power plant. (Garrucho just recently arrived from a series of extended business trips abroad.)
BUSINESS WORLD: PSALM Targets Sale Of Eight Power Generation Assets This Year
Date Posted: July 17, 2006
The government aims to sell eight power generation assets this year, despite the problematic sale of the 600-megawatt Masinloc coal-fired plant in Zambales. According to the status report on implementation of Republic Act 9136, or the Electric Power Industry Reform Act of 2001 (EPIRA), released on Friday last week, the government will sell eight generation assets this year, 11 next year and the remaining three by end-2008.
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