+ Follow MIRANT PHILIPPINES Tag
MIRANT PHILIPPINES
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 484289
[Title] => PSALM sets bidding for 600-megawatt Calaca plant today
[Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) will bid out the 600-megawatt (MW) Calaca today (July 8).
[DatePublished] => 2009-07-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 43400
[Title] => TeaM Energy in talks with Meralco for supply deal
[Summary] =>
[DatePublished] => 2008-02-08 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] => 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] =>
)
[7] => 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] =>
)
[8] => Array
(
[ArticleID] => 370380
[Title] => Mirant employees want US parent to pay their severance package
[Summary] =>
The Filipino employees of Mirant Philippines Corp. are now asking their US-based parent company to pay their severance package to provide the new management taking over the local unit an option to terminate or rehire employees.
The employees made this move after Mirant management argued that some of their workers have asked the Labor Department to compel the company to pay them their separation pay and still keep them employed.
[DatePublished] => 2006-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 370559
[Title] => Mirant employees want US parent to pay their severance package
[Summary] =>
The Filipino employees of Mirant Philippines Corp. are now asking their US-based parent company to pay their severance package to provide the new management taking over the local unit an option to terminate or rehire employees.
The employees made this move after Mirant management argued that some of their workers have asked the Labor Department to compel the company to pay them their separation pay and still keep them employed.
[DatePublished] => 2006-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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