EIGHT ISLANDS DIESEL PROJECT

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                    [ArticleID] => 161896
                    [Title] => Salcon Power mulls other projects to replace 8 Islands
                    [Summary] => Salcon Power Corp. (SPC) stands to forego about P3.7 billion in revenues and nearly P484 million in accumulated profit over the next five years as a result of the recent decision of the National Power Corp. (Napocor) scrapping the P1.4-billion Eight Islands Diesel Project.


                    [DatePublished] => 2002-05-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 160770
                    [Title] => PPA cut won’t affect PSE-listed firms
                    [Summary] => The reduction of the power purchase agreement (PPA) charges being levied by the National Power Corp. (Napocor) has no material impact on the operations of energy companies listed at the Philippine Stock Exchange (PSE).


In separate statements, the power firms said the suspension of the PPA collection would have no immediate bearing on their operations and revenues for various reasons.


                    [DatePublished] => 2002-05-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 160215
                    [Title] => Salcon IPO proceeds won’t go to Eight Islands project
                    [Summary] => Newly-listed energy firm Salcon Power Corp. (SPC) may not be able to channel the proceeds of its initial public offering (IPO) to the 50-megawatt Eight Islands diesel project due to a legal impediment involving its contract with the National Power Corp. (Napocor).


The company told the Philippine Stock Exchange that under the implementing rules and regulations (IRR) of the Electric Power Industry Reform Act of 2001, Napocor is prohibited from incurring new obligations to purchase power through bilateral contracts with other generation companies.


                    [DatePublished] => 2002-05-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 155766
                    [Title] => Power firm to list shares
                    [Summary] => Cebu-based power generation firm Salcon Power Corp.
                    [DatePublished] => 2002-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [4] => Array
                (
                    [ArticleID] => 150701
                    [Title] => Singapore firm to raise P691-M
                    [Summary] => Singapore-based energy firm Salcon Power Corp. (SPC) will lead off the anticipated stream of initial public offerings (IPOs) this year, starting the offer period to raise as much as P691 million on March 6.


In a circular to the Philippine Stock Exchange, SPC said it will offer a total of 313.9 million common shares or 20 percent of its outstanding capital to the public from March 6-14, to be tentatively listed on April 2.


                    [DatePublished] => 2002-02-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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            [5] => Array
                (
                    [ArticleID] => 147625
                    [Title] => SEC okays P690-M IPO of S’pore firm
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the proposed P690-million initial public offering (IPO) of the Singaporean-owned Salcon Power Corp. (SPC).


Salcon is planning to raise funds to partly finance its $27-million Eight Islands Diesel Project that would supply power to eight major island groups in the country.


                    [DatePublished] => 2002-01-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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Salcon Power mulls other projects to replace 8 Islands

By Christina Mendez | May 23, 2002 - 12:00am

Salcon Power Corp. (SPC) stands to forego about P3.7 billion in revenues and nearly P484 million in accumulated profit over the next five years as a result of the recent decision of the National Power Corp. (Napocor)...

Business

PPA cut won’t affect PSE-listed firms

By Christina Mendez | May 14, 2002 - 12:00am

The reduction of the power purchase agreement (PPA) charges being levied by the National Power Corp. (Napocor) has no material impact on the operations of energy companies listed at the Philippine Stock Exchange...

Business

Salcon IPO proceeds won’t go to Eight Islands project

By Christina Mendez | May 9, 2002 - 12:00am

Newly-listed energy firm Salcon Power Corp. (SPC) may not be able to channel the proceeds of its initial public offering (IPO) to the 50-megawatt Eight Islands diesel project due to a legal impediment involving its...

Business

Power firm to list shares

April 2, 2002 - 12:00am

Cebu-based power generation firm Salcon Power Corp.

Business

Singapore firm to raise P691-M

February 15, 2002 - 12:00am

Singapore-based energy firm Salcon Power Corp. (SPC) will lead off the anticipated stream of initial public offerings (IPOs) this year, starting the offer period to raise as much as P691 million on March 6. In a...

Business

SEC okays P690-M IPO of S’pore firm

January 19, 2002 - 12:00am

The Securities and Exchange Commission (SEC) has approved the proposed P690-million initial public offering (IPO) of the Singaporean-owned Salcon Power Corp. (SPC). Salcon is planning to raise funds to partly finance...

Business