+ Follow FGPC Tag
FGPC
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 335245
[Title] => First Gas awarded $11.2M in contract dispute with Siemens
[Summary] => First Gas Power Corp. (FGPC), a subsidiary of the Lopez-owned First Generation Holdings Corp., announced Thursday another positive development in its arbitration proceedings with Siemens due to contract differences.
In a disclosure to the Philippine Stock Exchange, First Gen said the Arbitral Tribunal issued its third interim ruling and awarded FGPC $11.2 million (including the $5-million balance of liquidated damages payable pursuant to the second interim award), and Siemens $8.5 million, respectively.
[DatePublished] => 2006-05-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 309875
[Title] => International trade arbiter favors First Gas over Siemens
[Summary] => The Arbitral Tribunal of the International Chamber of Commerce (ICC) in London has given its "interim" decision initially favoring First Gas Power Corp. (FGPC) against the claim of its former contractor Siemens.
In a disclosure to the Philippine Stock Exchange, First Philippine Holdings Corp. (FPHC), the parent company of FGPC, said that last Nov. 1, the tribunal published its second interim award stating that "FGPC was entitled to liquidated damages for delay in total sum of $99.3 million."
[DatePublished] => 2005-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 296098
[Title] => First Gen keen on IPO before yearend
[Summary] => Lopez-owned First Generation Holdings Corp. (First Gen) is pushing through with its planned initial public offering (IPO) before the end of the year.
First Gen is the holding company of First Gas Holdings Corp. (FGHC) which owns the 1,000-megawatt (mw) Sta. Rita and the 500-mw San Lorenzo natural gas-fired power plants in Batangas. These gas-run power facilities supply electricity to Manila Electric Co. (Meralco), which is also controlled by the Lopezes.
[DatePublished] => 2005-09-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 257374
[Title] => Consumers to save 3¢/kwh on proposed Meralco-First Gas deal
[Summary] => The Manila Electric Co. (Meralco) said yesterday its customers stand to gain immediate savings of P7.8 billion or three centavos per kilowatt-hour (kwh) if its petition to amend a power purchase agreement (PPA) with an independent power producer (IPP) is approved by the Energy Regulatory Commission (ERC).
In a public hearing yesterday, Meralco said the amendments include a package of concessions worth up to P30 billion in savings over the life of its contract with First Gas Power Corp. (FGPC), an affiliate firm in the Lopez group of companies.
[DatePublished] => 2004-07-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 230165
[Title] => First Gas eyes new power plant if bid for Sucat fails
[Summary] => First Gas Power Corp. (FGPC), one of the power generation units of the Lopez group, is studying the possibility of putting up a new power plant in case it fails to bid for the Sucat power plant.
"Acquiring Sucat is just one of the options we are looking at. We can start a greenfield," FGPC vice chairman and First Gas Holdings Inc. president Peter Garuccho said.
[DatePublished] => 2003-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 223664
[Title] => PNOC-EC mulls talks with First Gas on equity sharing for gas pipeline project
[Summary] => PNOC-Exploration Corp. (EC) is looking at the possibility of negotiating the equity structure of the Batangas-to-Manila natural gas pipeline project with the Lopez-owned First Gas Power Corp. (FGPC).
"We are willing to talk with them but nothing has been formalized. If this is the only way for the project to take off then we are willing to talk things over with them. Right now, the structure is being worked on," PNOC president Thelmo Cunanan said.
[DatePublished] => 2003-10-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 223455
[Title] => The ball is in Meralco’s court, says First Gas
[Summary] => First Gas Power Corp. (FGPC) yesterday said it is just waiting for the go signal of Manila Electric Co. (Meralco) to finalize the renegotiation of their power contract.
British Gas Philippines country manager and head of the FGPC negotiating team Anthony Barker and FGPC senior vice president Richard Tantoco issued this statement in reaction to allegations made by Land Bank president and Meralco independent review committee head Margarito Teves that FGPC has not been making progress in its talks with Meralco.
[DatePublished] => 2003-10-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 223241
[Title] => Meralco reaches accord with QPL, but not with First Gas
[Summary] => The Manila Electric Co. (Meralco) has finalized its negotiations with Quezon Power Ltd. (QPL) but negotiations with First Gas Power Corp (FGPC) is seen headed into a deadlock over penalty rates.
According to the Independent Review Committee headed by Landbank president Margarito Teves, QPL and Meralco were preparing to sign the official agreement by December but negotiations with FGPC have not moved.
[DatePublished] => 2003-10-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 220708
[Title] => Meralco may sign P44-B pact with First Gas, QPL
[Summary] => The Lopez-controlled Manila Electric Co. (Meralco) wants to close negotiations and sign an agreement with First Gas Power Corp. (FGPC) and Quezon Power Ltd. (QPL) before the end of the year, pending the resolution of left-over issues currently under negotiation.
Meralco has managed to strike a compromise agreement worth over P44 billion with FGPC and QPL but there are pending issues still under deliberation, primarily involving penalties and cost-sharing.
[DatePublished] => 2003-09-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 218858
[Title] => Batangas-Mla gas pipeline project still open to interested parties, says DOE
[Summary] => The Department of Energy (DOE) said all interested parties are still encouraged to apply for a permit to build the $100-million Batangas-Manila (BatMan I) gas pipeline.
DOE Undersecretary Emmanuel De Dios made this statement after First Gas Power Corp. (FGPC) questioned the DOE’s issuance of permit to the state-owned PNOC-Exploration Corp. (EC) without the necessary environmental clearances.
[DatePublished] => 2003-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 11, 2005 - 12:00am
