+ Follow MERITEC Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 205920
[Title] => Napocor, CBK Power may go into arbitration to settle dispute
[Summary] => The National Power Corp. (Napocor) and the Caliraya-Botocan-Kalayaan (CBK) Power Corp. are likely to enter into an arbitration to settle the capital recovery fee (CRF) which reportedly has not been paid by the state-run power firm since the start of 2003.
"It is one of the options we are looking at. But we are still negotiating the contract with CBK. Pursuant to their contract, if both parties have some issues that can not be resolved, they can always go into arbitration," a Napocor official, who requested anonymity, said.
[DatePublished] => 2003-05-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 182859
[Title] => No overpayment in CBK contract, says Napocor
[Summary] => The National Power Corp. (Napocor) belied yesterday reports of having overpaid CBK Power Co., Ltd. in capacity recovery fees (CRF), for rehabilitation works done on the Caliraya-Botocan-Kalayaan power complex in Laguna.
The allegation on the overpayment was done during a Senate hearing on the issue conducted by Sen. Serge Osmeña.
Napocor corporate secretary Alberto L. Pangcog, who was Napocor’s general counsel at the time CBK contract was negotiated and signed, said the Senate seems to be a little confused on the issue.
[DatePublished] => 2002-11-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 182192
[Title] => Perez ready to face Osmeña’s charges involving CBK project
[Summary] => Energy Secretary Vincent S. Perez said he is ready to face any charges that may be filed by Sen. Sergio Osmeña in connection with alleged anomalies in the Caliraya-Botocan-Kalayaan (CBK) project.
In a statement, Perez said this will be an opportune time for energy officials to clarify all issues involved in the controversial project.
[DatePublished] => 2002-11-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 181131
[Title] => Napocor, Transco welcome Senate probe on CBK
[Summary] => The National Power Corp. (Napocor) and the National Transmission Co. (Transco) welcomed yesterday a Senate inquiry on the Caliraya-Botocan-Kalayaan (CBK) project.
Sen. Sergio Osmena has threatened to file charges in court if he can prove that the contract is downright anomalous. On the other hand, Napocor acting president Roland S. Quilala said the company is ready to answer all questions that may be raised by the legislators.
[DatePublished] => 2002-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 172895
[Title] => DOE backs Senate inquiry on Meritec
[Summary] => Energy Secretary Vincent S. Perez said yesterday he welcomes a possible Senate inquiry into a report submitted by New Zealand-based Meritec Ltd. on the IMPSA contract for the rehabilitation of the Caliraya-Botocan-Kalayaan (CBK) power plant complex.
In a press conference, Perez said the lawmakers have every right to look into the report. "We want to assure the public that we have been transparent with the results of the Meritec assessment of the CBK-BROT (build-rehabilitate-operate-transfer) project."
[DatePublished] => 2002-08-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 171893
[Title] => Transco says IMPSA contract valid
[Summary] => The National Transmission Co. (Transco) said yesterday it would continue to pay the capital recovery fee to CBK Power Co., a joint venture between IMPSA and Edison Mission of the US, as it considered the CBK build-rehabilitate-operate-transfer (BROT) project as "valid".
"As far as we are concerned, there is nothing wrong with the (CBK) project. It has gone through years of review. From my own perspective, I think, the contract has a reasonable price," Transco president Asisclo Gonzaga said in an interview.
[DatePublished] => 2002-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 169270
[Title] => Napocor pays CBK Power $5-M for overdue account
[Summary] => The National Power Corp. (Napocor) paid yesterday a total of $5 million (P255 million) to the CBK Power Ltd., a joint venture between Argentinean firm IMPSA Asia Ltd. and Edison Mission of the US.
The payment came after an independent auditor, Meritec, based in New Zealand, reviewed and recommended that Napocor effect payment of the overdue invoices, which were apparently delayed for 90 days.
Based on Napocor data, it paid $4.57 million and P19 million for the months of March to May representing capital recovery fee (CRF).
[DatePublished] => 2002-07-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
MERITEC
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 205920
[Title] => Napocor, CBK Power may go into arbitration to settle dispute
[Summary] => The National Power Corp. (Napocor) and the Caliraya-Botocan-Kalayaan (CBK) Power Corp. are likely to enter into an arbitration to settle the capital recovery fee (CRF) which reportedly has not been paid by the state-run power firm since the start of 2003.
"It is one of the options we are looking at. But we are still negotiating the contract with CBK. Pursuant to their contract, if both parties have some issues that can not be resolved, they can always go into arbitration," a Napocor official, who requested anonymity, said.
[DatePublished] => 2003-05-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 182859
[Title] => No overpayment in CBK contract, says Napocor
[Summary] => The National Power Corp. (Napocor) belied yesterday reports of having overpaid CBK Power Co., Ltd. in capacity recovery fees (CRF), for rehabilitation works done on the Caliraya-Botocan-Kalayaan power complex in Laguna.
The allegation on the overpayment was done during a Senate hearing on the issue conducted by Sen. Serge Osmeña.
Napocor corporate secretary Alberto L. Pangcog, who was Napocor’s general counsel at the time CBK contract was negotiated and signed, said the Senate seems to be a little confused on the issue.
[DatePublished] => 2002-11-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 182192
[Title] => Perez ready to face Osmeña’s charges involving CBK project
[Summary] => Energy Secretary Vincent S. Perez said he is ready to face any charges that may be filed by Sen. Sergio Osmeña in connection with alleged anomalies in the Caliraya-Botocan-Kalayaan (CBK) project.
In a statement, Perez said this will be an opportune time for energy officials to clarify all issues involved in the controversial project.
[DatePublished] => 2002-11-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 181131
[Title] => Napocor, Transco welcome Senate probe on CBK
[Summary] => The National Power Corp. (Napocor) and the National Transmission Co. (Transco) welcomed yesterday a Senate inquiry on the Caliraya-Botocan-Kalayaan (CBK) project.
Sen. Sergio Osmena has threatened to file charges in court if he can prove that the contract is downright anomalous. On the other hand, Napocor acting president Roland S. Quilala said the company is ready to answer all questions that may be raised by the legislators.
[DatePublished] => 2002-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 172895
[Title] => DOE backs Senate inquiry on Meritec
[Summary] => Energy Secretary Vincent S. Perez said yesterday he welcomes a possible Senate inquiry into a report submitted by New Zealand-based Meritec Ltd. on the IMPSA contract for the rehabilitation of the Caliraya-Botocan-Kalayaan (CBK) power plant complex.
In a press conference, Perez said the lawmakers have every right to look into the report. "We want to assure the public that we have been transparent with the results of the Meritec assessment of the CBK-BROT (build-rehabilitate-operate-transfer) project."
[DatePublished] => 2002-08-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 171893
[Title] => Transco says IMPSA contract valid
[Summary] => The National Transmission Co. (Transco) said yesterday it would continue to pay the capital recovery fee to CBK Power Co., a joint venture between IMPSA and Edison Mission of the US, as it considered the CBK build-rehabilitate-operate-transfer (BROT) project as "valid".
"As far as we are concerned, there is nothing wrong with the (CBK) project. It has gone through years of review. From my own perspective, I think, the contract has a reasonable price," Transco president Asisclo Gonzaga said in an interview.
[DatePublished] => 2002-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 169270
[Title] => Napocor pays CBK Power $5-M for overdue account
[Summary] => The National Power Corp. (Napocor) paid yesterday a total of $5 million (P255 million) to the CBK Power Ltd., a joint venture between Argentinean firm IMPSA Asia Ltd. and Edison Mission of the US.
The payment came after an independent auditor, Meritec, based in New Zealand, reviewed and recommended that Napocor effect payment of the overdue invoices, which were apparently delayed for 90 days.
Based on Napocor data, it paid $4.57 million and P19 million for the months of March to May representing capital recovery fee (CRF).
[DatePublished] => 2002-07-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 6, 2002 - 12:00am
