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                    [Title] => Renegotiated IPP contracts result in $1.42-B savings for gov’t, says PSALM
                    [Summary] => The government has saved about $1.42 billion from the renegotiations of the National Power Corp.’s (Napocor) contracts with its independent power producers (IPPs), the Power Sector Assets and Liabilities Management Corp. (PSALM) said yesterday.


"We have negotiated 20 IPPs. There are few remaining IPPs that we need to talk to but we have already completed 99 percent of the negotiation," PSALM president Edgardo del Fonso said.


                    [DatePublished] => 2003-12-02 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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MINDANAO POWER BARGES

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                    [Title] => Renegotiated IPP contracts result in $1.42-B savings for gov’t, says PSALM
                    [Summary] => The government has saved about $1.42 billion from the renegotiations of the National Power Corp.’s (Napocor) contracts with its independent power producers (IPPs), the Power Sector Assets and Liabilities Management Corp. (PSALM) said yesterday.


"We have negotiated 20 IPPs. There are few remaining IPPs that we need to talk to but we have already completed 99 percent of the negotiation," PSALM president Edgardo del Fonso said.


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Renegotiated IPP contracts result in $1.42-B savings for gov’t, says PSALM

By Donnabelle L. Gatdula | December 2, 2003 - 12:00am

The government has saved about $1.42 billion from the renegotiations of the National Power Corp.’s (Napocor) contracts with its independent power producers (IPPs), the Power Sector Assets and Liabilities Management...

Business