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                    [Title] => Malampaya consortium okays deferred payments for Napocor
                    [Summary] => The government has signed a $350-million deferred payment facility with the Malampaya consortium, giving the National Power Corp. the needed financial flexibility to fulfill its gas sales agreement in the $4.5-billion deep water gas-to-power project.


Energy Secretary Vincent S. Perez said Napocor and the Power Sector Assets and Liabilities Management Corp (PSALM) entered into the said agreement with the Malampaya consortium developing the natural gas project, the single biggest energy venture in the country.


                    [DatePublished] => 2004-08-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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ILIJAN GAS SALES AND PURCHASE AGREEMENT

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                    [Title] => Malampaya consortium okays deferred payments for Napocor
                    [Summary] => The government has signed a $350-million deferred payment facility with the Malampaya consortium, giving the National Power Corp. the needed financial flexibility to fulfill its gas sales agreement in the $4.5-billion deep water gas-to-power project.


Energy Secretary Vincent S. Perez said Napocor and the Power Sector Assets and Liabilities Management Corp (PSALM) entered into the said agreement with the Malampaya consortium developing the natural gas project, the single biggest energy venture in the country.


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Malampaya consortium okays deferred payments for Napocor

By Donnabelle L. Gatdula | August 12, 2004 - 12:00am

The government has signed a $350-million deferred payment facility with the Malampaya consortium, giving the National Power Corp. the needed financial flexibility to fulfill its gas sales agreement in the $4.5-billion...

Business