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[results] => Array
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[ArticleID] => 343732
[Title] => Bankruptcy forces US energy firm to shut down Cavite power plant
[Summary] => US-based Covanta Energy will shut down the operation of its 65-megawatt Magellan co-generation plant by the end of this month, industry sources said.
The pullout of the facility, which is serving the power requirement of the Cavite Export Processing Zone, is reportedly part of a global downsizing strategy to be carried out by the American firm starting end-June this year to trim down losses.
Despite this, National Power Corp. (Napocor) president Cyril del Callar has assured there would be no power interruption in the affected area.
[DatePublished] => 2006-06-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
(
[ArticleID] => 275373
[Title] => Palace tells Napocor to explain P119-M benefits
[Summary] => Malacañang asked the National Power Corp. (Napocor) yesterday to explain why it allowed 25 senior officials who had already received P119.4 million in retirement benefits to rehire themselves.
In his press briefing, Press Secretary Ignacio Bunye said the responsibility for justifying the move belonged to the Napocor officials.
[DatePublished] => 2005-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804901
[AuthorName] => Aurea Calica
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[2] => Array
(
[ArticleID] => 171281
[Title] => PCIJ REPORT: Ramos friends got best IPP deals
[Summary] => Click here to readPart III
Philippine Center for Investigative Journalism
[DatePublished] => 2002-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1746640
[AuthorName] => Sheila Samonte-Pesayco and Luz Rimban
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[3] => Array
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[ArticleID] => 164096
[Title] => No take-or-pay deal with PEZA — Covanta
[Summary] => The country manager of Covanta Energy has assured the House committee on energy that its power supply contract for the two economic zones in Cavite and Bataan is not covered by a take-or-pay provision.
"The Philippine Economic Zone Authority (PEZA) pays only for electricity that it sells to its locators and is, in fact, given an eight percent discount from the National Power Corp. (Napocor) grid rate," Oliver Cruz said.
[DatePublished] => 2002-06-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Nation
[SectionUrl] => nation
[URL] =>
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)
COVANTA ENERGY
Array
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[0] => Array
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[ArticleID] => 343732
[Title] => Bankruptcy forces US energy firm to shut down Cavite power plant
[Summary] => US-based Covanta Energy will shut down the operation of its 65-megawatt Magellan co-generation plant by the end of this month, industry sources said.
The pullout of the facility, which is serving the power requirement of the Cavite Export Processing Zone, is reportedly part of a global downsizing strategy to be carried out by the American firm starting end-June this year to trim down losses.
Despite this, National Power Corp. (Napocor) president Cyril del Callar has assured there would be no power interruption in the affected area.
[DatePublished] => 2006-06-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 275373
[Title] => Palace tells Napocor to explain P119-M benefits
[Summary] => Malacañang asked the National Power Corp. (Napocor) yesterday to explain why it allowed 25 senior officials who had already received P119.4 million in retirement benefits to rehire themselves.
In his press briefing, Press Secretary Ignacio Bunye said the responsibility for justifying the move belonged to the Napocor officials.
[DatePublished] => 2005-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804901
[AuthorName] => Aurea Calica
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[2] => Array
(
[ArticleID] => 171281
[Title] => PCIJ REPORT: Ramos friends got best IPP deals
[Summary] => Click here to readPart III
Philippine Center for Investigative Journalism
[DatePublished] => 2002-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1746640
[AuthorName] => Sheila Samonte-Pesayco and Luz Rimban
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[3] => Array
(
[ArticleID] => 164096
[Title] => No take-or-pay deal with PEZA — Covanta
[Summary] => The country manager of Covanta Energy has assured the House committee on energy that its power supply contract for the two economic zones in Cavite and Bataan is not covered by a take-or-pay provision.
"The Philippine Economic Zone Authority (PEZA) pays only for electricity that it sells to its locators and is, in fact, given an eight percent discount from the National Power Corp. (Napocor) grid rate," Oliver Cruz said.
[DatePublished] => 2002-06-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Nation
[SectionUrl] => nation
[URL] =>
)
)
)
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