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                    [ArticleID] => 189074
                    [Title] => PNOC-EDC wins arbitration case against CalEnergy
                    [Summary] => The Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) won four out of five arguments in an arbitration case against the US-based California Energy International Services Inc. (CalEnergy), PNOC-EDC chairman and president Sergio Apostol said yesterday. The Arbitration Tribunal, based in Australia, has ruled three claims in favor of the state-run geothermal company.


But the Arbitration Tribunal based in Australia ordered PNOC-EDC to pay CalEnergy a total of $13 million for undelivered steam covering the period July 1999-July 2002.


                    [DatePublished] => 2002-12-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 186285
                    [Title] => CalEnergy to decide on extension of contracts with EDC
                    [Summary] => California Energy International Services Inc. (CalEnergy) will decide by mid-December this year if it extend its contracts with PNOC-Energy Development Corp. (EDC) or allow a buyout.


"They (CalEnergy oficials) said they will study what we have proposed such as the extension and or a buyout of the contract of EDC with them," EDC chairman and president Sergio Apostol said, in an interview.


                    [DatePublished] => 2002-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 183486
                    [Title] => Ricciardone assures cooperation of US power firms in review of IPP contracts
                    [Summary] => US-based power firms in the Philippines are willing to cooperate with the Arroyo administration in its effort to review all contracts between independent power producers (IPPs) and the National Power Corp. (Napocor), US Ambassador Francis Ricciardone said over the weekend.


                    [DatePublished] => 2002-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 180757
                    [Title] => CalEnergy says it is here to stay
                    [Summary] => The California Energy International Services Inc. (CalEnergy) is still committed to continue doing business in the country.


"We are here to stay at least for the assets that are already here," CalEnergy vice president Robert G. Eugenio said.


Eugenio, however, admitted that they are not looking for future investment in the country’s power sector, particularly in the privatization of the National Power Corp. (Napocor). "At present, we are not eyeing any particular project," he said.


                    [DatePublished] => 2002-10-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 180596
                    [Title] => CalEnergy open to proposal to extend contract
                    [Summary] => California Energy International Services Inc. (CalEnergy) is open to the proposal for a possible extension of its contracts with the PNOC-Energy Development Corp. (EDC).


"That’s an option that we would like to look at to resolve the issue," CalEnergy vice president Robert G. Eugenio said in an interview with The STAR.


But he said the proposal for a buy out may not be feasible. "We are not inclined to do that (sell the contracts to EDC)," he said, reacting to EDC president Sergio Apostol’s California-based energy firm.


                    [DatePublished] => 2002-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 180339
                    [Title] => PNOC-EDC hires go-between in talks with CalEnergy
                    [Summary] => PNOC-Energy Development Corp. (EDC), the geothermal unit of state-owned Philippine National Oil Co. (PNOC), has commissioned at least three investment banks to serve as the third party in the ongoing negotiations with California Energy International Services Inc. (CalEnergy).


EDC president Sergio Apostol identified only two of the investment banks. "We are awaiting the services of ABN Amro and Credit Suisse First Boston to become the third party to act as go-between in our negotiations with CalEnergy," he said.


                    [DatePublished] => 2002-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 173364
                    [Title] => PNOC-EDC hikes income target
                    [Summary] => Despite its financial difficulties, the PNOC-Energy Development Corp. (EDC) is raising its income projection for this year – from P800 million to P1 billion.


"Though we are having some cash flow problems, we are still optimistic that this year will be good for the company," EDC chairman and president Sergio Apostol said, adding that as early as the first half, EDC had already met its original income target of P800 million.


                    [DatePublished] => 2002-08-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 173145
                    [Title] => Marubeni eyes joint venture with PNOC-EDC
                    [Summary] => Marubeni Corp. of Japan is proposing to convert its existing build-operate-transfer (BOT) contract with PNOC-Energy Development Corp. (EDC) into a joint venture agreement.


"Officials from Marubeni will be here this week to work out a concrete proposal. They are proposing if we could convert the existing BOT contract into a 50-50 joint venture," EDC chairman and president Sergio Apostol said in an interview.


EDC has a 10-year BOT contract with Marubeni signed in 1996 for the 104 MW (2x52MW) geothermal power plant located in Mt. Apo in Kidapawan, North Cotabato.

                    [DatePublished] => 2002-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

CALIFORNIA ENERGY INTERNATIONAL SERVICES INC

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 189074
                    [Title] => PNOC-EDC wins arbitration case against CalEnergy
                    [Summary] => The Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) won four out of five arguments in an arbitration case against the US-based California Energy International Services Inc. (CalEnergy), PNOC-EDC chairman and president Sergio Apostol said yesterday. The Arbitration Tribunal, based in Australia, has ruled three claims in favor of the state-run geothermal company.


But the Arbitration Tribunal based in Australia ordered PNOC-EDC to pay CalEnergy a total of $13 million for undelivered steam covering the period July 1999-July 2002.


                    [DatePublished] => 2002-12-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 186285
                    [Title] => CalEnergy to decide on extension of contracts with EDC
                    [Summary] => California Energy International Services Inc. (CalEnergy) will decide by mid-December this year if it extend its contracts with PNOC-Energy Development Corp. (EDC) or allow a buyout.


"They (CalEnergy oficials) said they will study what we have proposed such as the extension and or a buyout of the contract of EDC with them," EDC chairman and president Sergio Apostol said, in an interview.


                    [DatePublished] => 2002-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 183486
                    [Title] => Ricciardone assures cooperation of US power firms in review of IPP contracts
                    [Summary] => US-based power firms in the Philippines are willing to cooperate with the Arroyo administration in its effort to review all contracts between independent power producers (IPPs) and the National Power Corp. (Napocor), US Ambassador Francis Ricciardone said over the weekend.


                    [DatePublished] => 2002-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 180757
                    [Title] => CalEnergy says it is here to stay
                    [Summary] => The California Energy International Services Inc. (CalEnergy) is still committed to continue doing business in the country.


"We are here to stay at least for the assets that are already here," CalEnergy vice president Robert G. Eugenio said.


Eugenio, however, admitted that they are not looking for future investment in the country’s power sector, particularly in the privatization of the National Power Corp. (Napocor). "At present, we are not eyeing any particular project," he said.


                    [DatePublished] => 2002-10-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 180596
                    [Title] => CalEnergy open to proposal to extend contract
                    [Summary] => California Energy International Services Inc. (CalEnergy) is open to the proposal for a possible extension of its contracts with the PNOC-Energy Development Corp. (EDC).


"That’s an option that we would like to look at to resolve the issue," CalEnergy vice president Robert G. Eugenio said in an interview with The STAR.


But he said the proposal for a buy out may not be feasible. "We are not inclined to do that (sell the contracts to EDC)," he said, reacting to EDC president Sergio Apostol’s California-based energy firm.


                    [DatePublished] => 2002-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 180339
                    [Title] => PNOC-EDC hires go-between in talks with CalEnergy
                    [Summary] => PNOC-Energy Development Corp. (EDC), the geothermal unit of state-owned Philippine National Oil Co. (PNOC), has commissioned at least three investment banks to serve as the third party in the ongoing negotiations with California Energy International Services Inc. (CalEnergy).


EDC president Sergio Apostol identified only two of the investment banks. "We are awaiting the services of ABN Amro and Credit Suisse First Boston to become the third party to act as go-between in our negotiations with CalEnergy," he said.


                    [DatePublished] => 2002-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 173364
                    [Title] => PNOC-EDC hikes income target
                    [Summary] => Despite its financial difficulties, the PNOC-Energy Development Corp. (EDC) is raising its income projection for this year – from P800 million to P1 billion.


"Though we are having some cash flow problems, we are still optimistic that this year will be good for the company," EDC chairman and president Sergio Apostol said, adding that as early as the first half, EDC had already met its original income target of P800 million.


                    [DatePublished] => 2002-08-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 173145
                    [Title] => Marubeni eyes joint venture with PNOC-EDC
                    [Summary] => Marubeni Corp. of Japan is proposing to convert its existing build-operate-transfer (BOT) contract with PNOC-Energy Development Corp. (EDC) into a joint venture agreement.


"Officials from Marubeni will be here this week to work out a concrete proposal. They are proposing if we could convert the existing BOT contract into a 50-50 joint venture," EDC chairman and president Sergio Apostol said in an interview.


EDC has a 10-year BOT contract with Marubeni signed in 1996 for the 104 MW (2x52MW) geothermal power plant located in Mt. Apo in Kidapawan, North Cotabato.

                    [DatePublished] => 2002-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PNOC-EDC wins arbitration case against CalEnergy

By Donnabelle L. Gatdula | December 24, 2002 - 12:00am

The Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) won four out of five arguments in an arbitration case against the US-based California Energy International Services Inc. (CalEnergy), PNOC-EDC chairman...

Business

CalEnergy to decide on extension of contracts with EDC

December 2, 2002 - 12:00am

California Energy International Services Inc. (CalEnergy) will decide by mid-December this year if it extend its contracts with PNOC-Energy Development Corp. (EDC) or allow a buyout. "They (CalEnergy oficials)...

Business

Ricciardone assures cooperation of US power firms in review of IPP contracts

By Donnabelle L. Gatdula | November 11, 2002 - 12:00am

US-based power firms in the Philippines are willing to cooperate with the Arroyo administration in its effort to review all contracts between independent power producers (IPPs) and the National Power Corp. (Napocor),...

Business

CalEnergy says it is here to stay

October 21, 2002 - 12:00am

The California Energy International Services Inc. (CalEnergy) is still committed to continue doing business in the country. "We are here to stay at least for the assets that are already here," CalEnergy...

Business

CalEnergy open to proposal to extend contract

October 20, 2002 - 12:00am

California Energy International Services Inc. (CalEnergy) is open to the proposal for a possible extension of its contracts with the PNOC-Energy Development Corp. (EDC). "That’s an option that we would...

Business

PNOC-EDC hires go-between in talks with CalEnergy

By Donnabelle L. Gatdula | October 18, 2002 - 12:00am

PNOC-Energy Development Corp. (EDC), the geothermal unit of state-owned Philippine National Oil Co. (PNOC), has commissioned at least three investment banks to serve as the third party in the ongoing negotiations...

Business

PNOC-EDC hikes income target

By Donnabelle L. Gatdula | August 25, 2002 - 12:00am

Despite its financial difficulties, the PNOC-Energy Development Corp. (EDC) is raising its income projection for this year – from P800 million to P1 billion. "Though we are having some cash flow problems,...

Business

Marubeni eyes joint venture with PNOC-EDC

By Donnabelle L. Gatdula | August 23, 2002 - 12:00am

Marubeni Corp. of Japan is proposing to convert its existing build-operate-transfer (BOT) contract with PNOC-Energy Development Corp. (EDC) into a joint venture agreement. "Officials from Marubeni will be here...

Business