+ Follow MIRANT Tag
MIRANT
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[ArticleID] => 490367
[Title] => Napocor can't assume tax liability of Mirant, says Supreme Court
[Summary] => The National Power Corp. (Napocor) cannot assume P1.5 billion tax liabilities of its partner in thermal plant project in Pagbilao town in Quezon province, the Supreme Court has ruled.
[DatePublished] => 2009-07-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
(
[ArticleID] => 4556
[Title] => Mirant hopeful of closing assets’ sale this mo
[Summary] =>
[DatePublished] => 2007-06-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 395052
[Title] => Mirant fulfills pledge to energize Mindanao
[Summary] =>
Mirant Philippines Inc. has fulfilled its commitment of giving over P100 million for the Philippine National Oil Co.’s (PNOC) energization program in Mindanao.
PNOC president Pedro Aquino Jr. lauded Mirant’s firm assurance to fulfill its committed electrification program.
"We are glad that Mirant Foundation was able to pay up for its energization program before the expected turnover to the new Japanese owners next month," he said.
[DatePublished] => 2007-04-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 390278
[Title] => New Mirant Phils owners eye $2.8-B JBIC loan
[Summary] =>
The new owners of Mirant Philippines Inc.  Tokyo Electric Power Co. (TEPCO) and Marubeni Corp.  are now in the final stages of negotiation for a $2.8-billion financing package from the Japan Bank for International Cooperation (JBIC).
After acquiring Atlanta-based Mirant Corp.’s portfolio in the Philippines, the consortium has tapped JBIC to partially finance the purchase.
Of the winning bid’s cash value of $3.1 billion, the remaining $300 million will be financed through equity contribution of TEPCO and Marubeni Corp.
[DatePublished] => 2007-03-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 379351
[Title] => Marubeni, Tokyo Electric seek financing for purchase of Mirant’s assets
[Summary] =>
Marubeni Corp. and Tokyo Electric Power Corp. (Tepco), the winning bidders for Mirant Corp.’s assets in the Philippines, are reportedly working out a financing scheme with Japan Bank for International Cooperation (JBIC) and a consortium of Japanese banks, a ranking company official said.
Federico Puno, president of Marubeni Philippines Corp., said, however, that they have yet to determine how much will be borrowed from JBIC.
[DatePublished] => 2007-01-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 375560
[Title] => Government ready to approve transfer of Mirant assets
[Summary] =>
The new owners of Mirant Corp.’s assets in the Philippines are not likely to encounter problems in securing the consent of the National Government regarding the transfer of ownership, the country’s top energy official said.
"There seemed to be an understanding that they (Tokyo Electric and Power Co./Marubeni Corp. group) would provide all the requirements of the government. They are managing the transition well," Energy Secretary Raphael P.M. Lotilla said.
[DatePublished] => 2006-12-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 374725
[Title] => GMA hails sale of Mirant assets
[Summary] =>
President Arroyo hailed yesterday the sale of US-based Mirant Corp.’s power plants in the Philippines to a Japanese consortium led by Tokyo Electric Power Co. (TEPCO) and Marubeni Corp., saying this would seal the stability of electric power in the Luzon area over the long term.
The President welcomed the Japanese investors as "true allies for progress and prosperity" and thanked Mirant for being a "superb corporate citizen" of the country.
[DatePublished] => 2006-12-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804901
[AuthorName] => Aurea Calica
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 374602
[Title] => Tokyo Electric-Marubeni wins bidding for Mirant
[Summary] =>
Tokyo Electric Power Co. (TEPCO) said in Tokyo yesterday that it and its joint venture partner, Marubeni Corp., one of Japan’s biggest trading houses, had won the bidding for US-based Mirant Corp.’s power plants in the Philippines.
TEPCO spokesman Katsuya Uchino said both companies would issue a news release and hold briefings shortly with more details.
The Japanese consortium will purchase two coal-fired plants and a natural gas-fired generator, Marubeni said in Tokyo yesterday. The price includes debt and equity.
[DatePublished] => 2006-12-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 374436
[Title] => Marubeni-Tokyo Electric ups Mirant bid to $3B
[Summary] =>
The consortium of Marubeni Corp. and Tokyo Electric and Power Co. (TEPCO) has reportedly raised its offer price for the equity of Mirant Philippines Corp. to $3 billion from its previous bid of $2.85 billion.
Sources said this has prompted one of the most aggressive bidders of Mirant assets, One Energy Group, to reportedly drop its bid for the said assets.
[DatePublished] => 2006-12-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 374265
[Title] => Bataan Polyethelene Corp to resume operations
[Summary] =>
Preparations for the re-operation of the Bataan Polyethylene Corp. (BPC) are continuing as it awaits the outcome of the bidding of the shares of Mirant Philippines Corp., according to BPC shareholder William Gatchalian.
In an interview, Gatchalian expressed confidence that BPC’s power problem is nearing resolution with the sale of Mirant Philippines by its American shareholders.
Mirant Philippines has already started accepting bids since Nov. 24 and is scheduled to close/stop accepting bids on Dec. 15.
[DatePublished] => 2006-12-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
December 12, 2006 - 12:00am
