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                    [ArticleID] => 350917
                    [Title] => No deadline extension for YNN
                    [Summary] => State-run Power Sector Assets and Lia- bilities Management Corp. (PSALM) will  no longer accept the upfront payment of YNN Pacific Consortium for the 600-megawatt (MW) Masinloc coal-fired power plant once the sale contract extension lapses on Aug. 6.


PSALM president Nieves L. Osorio said the agency is standing firm on the deadline amid allegations it would reconsider accommodating YNN anew with another contract extension to come up with the $227-million upfront payment and enable the government to complete the sale of the Masinloc power facility in Zambales.


                    [DatePublished] => 2006-08-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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POWER SECTOR ASSETS AND LIA

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                    [ArticleID] => 350917
                    [Title] => No deadline extension for YNN
                    [Summary] => State-run Power Sector Assets and Lia- bilities Management Corp. (PSALM) will  no longer accept the upfront payment of YNN Pacific Consortium for the 600-megawatt (MW) Masinloc coal-fired power plant once the sale contract extension lapses on Aug. 6.


PSALM president Nieves L. Osorio said the agency is standing firm on the deadline amid allegations it would reconsider accommodating YNN anew with another contract extension to come up with the $227-million upfront payment and enable the government to complete the sale of the Masinloc power facility in Zambales.


                    [DatePublished] => 2006-08-04 00:00:00
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                    [AuthorName] =>  Ted P. Torres
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abtest

No deadline extension for YNN

By Ted P. Torres | August 4, 2006 - 12:00am

State-run Power Sector Assets and Lia- bilities Management Corp. (PSALM) will no longer accept the upfront payment of YNN Pacific Consortium for the 600-megawatt (MW) Masinloc coal-fired power plant once the sale...

Business