GAS POWER

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                    [ArticleID] => 163234
                    [Title] => Delay in operation of power plant eats into government’s royalties
                    [Summary] => The five-month delay in the commercial operations of Kepco-Ilijan Corp. (Keilco) has eaten into the royalties that the National Government should have raised from the $4.5 billion Malampaya Deep Water-to-Gas Power project.


Keilco, which was supposed to commercially operate last January, is operated by Korea Electric Co. (Kepco) and the state-owned National Power Corp. (Napocor).


                    [DatePublished] => 2002-06-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 161166
                    [Title] => Napocor eyes compromise with Keilco
                    [Summary] => The National Power Corp. (Napocor) expects to draw up within this month a compromise with Kepco-Ilijan Corp. (Keilco) on the controversial issue of liquidated damages.


Energy Secretary and Napocor chairman Vincent S. Perez told reporters that a resolution on the issue would be presented to the Napocor board within this week.


"There is a compensation of some sort to Napocor. There are indications from the negotiating parties that they have come up with a resolution. Results will be released to media by next week or in the next two weeks," he said.


                    [DatePublished] => 2002-05-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Delay in operation of power plant eats into government’s royalties

June 3, 2002 - 12:00am

The five-month delay in the commercial operations of Kepco-Ilijan Corp. (Keilco) has eaten into the royalties that the National Government should have raised from the $4.5 billion Malampaya Deep Water-to-Gas Power...

Business

Napocor eyes compromise with Keilco

By Donnabelle L. Gatdula | May 17, 2002 - 12:00am

The National Power Corp. (Napocor) expects to draw up within this month a compromise with Kepco-Ilijan Corp. (Keilco) on the controversial issue of liquidated damages. Energy Secretary and Napocor chairman Vincent...

Business