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Having acquired full control over two gas facilities located in Batangas, First Gen Corp. is gearing up to expand its gas power generation portfolio to as much as 2,800 megawatts by 2018 with investments estimated to reach more than $1 billion, sources said.

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                    [Title] => Malampaya consortium to award excess 300-megawatt capacity next year
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The Malampaya consortium will finalize the award of the supply contract involving the 300-megawatt (MW) excess capacity in Service Contract (SC) 38 next year.
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Finance Secretary Margarito Teves said the 2008 budget deficit is likely to fall below the P75-billion program, because of higher-than-expected royalty payments from the Malampaya natural gas project.
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The government can lose as much as P12.2 billion yearly if it heeds the proposal of power distributor Manila Electric Co. (Meralco) to remove the royalty tax on the Malampaya natural gas project.
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CHEVRON TEXACO

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Having acquired full control over two gas facilities located in Batangas, First Gen Corp. is gearing up to expand its gas power generation portfolio to as much as 2,800 megawatts by 2018 with investments estimated to reach more than $1 billion, sources said.

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                    [Title] => Malampaya consortium to award excess 300-megawatt capacity next year
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The Malampaya consortium will finalize the award of the supply contract involving the 300-megawatt (MW) excess capacity in Service Contract (SC) 38 next year.
                    [DatePublished] => 2009-10-06 00:00:00
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                    [ColumnID] => 133272
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                    [Title] => Malampaya group remits P13B to national coffers
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The consortium behind the Malampaya natural gas project has remitted to the Bureau of the Treasury (BTr) roughly P13 billion in royalty payments for 2008, National Treasurer Roberto Tan said.
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                    [ColumnID] => 133272
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The government can lose as much as P12.2 billion yearly if it heeds the proposal of power distributor Manila Electric Co. (Meralco) to remove the royalty tax on the Malampaya natural gas project.
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abtest

First Gen set to expand gas, power gen portfolio

By Zinnia B. Dela Peña | January 28, 2013 - 12:00am

Having acquired full control over two gas facilities located in Batangas, First Gen Corp. is gearing up to expand its gas power generation portfolio to as much as 2,800 megawatts by 2018 with investments estimated...

Business

Malampaya consortium to award excess 300-megawatt capacity next year

By Donnabelle L. Gatdula | October 6, 2009 - 12:00am

The Malampaya consortium will finalize the award of the supply contract involving the 300-megawatt (MW) excess capacity in Service Contract (SC) 38 next year.

Business

DOF wants Congress to junk pending revenue measures

By Iris Gonzales | June 19, 2009 - 12:00am

The Department of Finance (DOF) is appealing to Congress to junk pending revenue measures that are estimated to leave a huge dent on government coffers.

Business

DOF rejects bid to cut NG's share in energy projects

By Iris Gonzales | June 8, 2009 - 12:00am

MANILA, Philippines - The Department of Finance (DOF) has thumbed down a proposal filed at the House of Representatives seeking to reduce to three percent the government’s share in the proceeds of contracts...

Business

BIR's shortfall swells to P40.7 B as of November

By Iris Gonzales | January 14, 2009 - 12:00am

The Bureau of Internal Revenue’s revenue shortfall swelled to P40.694 billion as of end-November 2008 due to an increase in tax exemptions put in place last year and perennial collection inefficiencies.

Business

2008 deficit seen below program

By Iris Gonzales | January 9, 2009 - 12:00am

Finance Secretary Margarito Teves said the 2008 budget deficit is likely to fall below the P75-billion program, because of higher-than-expected royalty payments from the Malampaya natural gas project.

Business

Malampaya group remits P13B to national coffers

By Iris Gonzales | January 7, 2009 - 12:00am

The consortium behind the Malampaya natural gas project has remitted to the Bureau of the Treasury (BTr) roughly P13 billion in royalty payments for 2008, National Treasurer Roberto Tan said.

Business

Natural gas allocation to transport sector proposed

By Donnabelle L. Gatdula | July 7, 2008 - 12:00am

Business

Malampaya tax removal to cost gov’t P12.2B/yr

By Iris Gonzales | May 19, 2008 - 12:00am

The government can lose as much as P12.2 billion yearly if it heeds the proposal of power distributor Manila Electric Co. (Meralco) to remove the royalty tax on the Malampaya natural gas project.

Business

Chevron eyes untapped oil, gas reserves

By Donnabelle L. Gatdula | February 5, 2008 - 12:00am

Business