^
+ Follow POWER SECTOR REFORM LOAN Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 191344
                    [Title] => Napocor eyes JBIC loan to finance wholesale electricity spot market
                    [Summary] => The National Power Corp. (Napocor) is looking at the possibility of tapping Japan Bank for International Cooperation (JBIC) to finance half of the needed budget to form the country’s first wholesale electricity spot market (WESM).


"There is a proposal to ask JBIC for another $40 million," Napocor sources told The Star.
[DatePublished] => 2003-01-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 186877 [Title] => GIR level down slightly to $15.74B as of November [Summary] => The country’s gross international reserves (GIR) stood at $15.740 billion as of end-November this year, slightly lower than the October level due mainly to the debt service ... [DatePublished] => 2002-12-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 186400 [Title] => ADB to set conditions for $750-M PSALM bond float [Summary] => The Asian Development Bank (ADB) will impose the same conditions used in the Power Sector Reform Loan (PSRL) program for the Power Sector Assets and Liabilities Management Corp. (PSALM)’s planned $750-million yen-dominated bond offering.

"The partial guarantee to be provided by ADB should be tied to an existing program like PSRL," PSALM president Edgardo del Fonso said.

Among the conditions are: the submission of a privatization plan for the National Power Corp. (Napocor) and establishment of WESM system, he said.
[DatePublished] => 2002-12-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 169413 [Title] => Napocor’s $600-M bond offering to be delayed [Summary] => The planned offering of $600 million in bonds by the National Power Corp. (Napocor) is likely to be delayed until November this year, from an earlier target of August to October, a ranking company official said yesterday.
[DatePublished] => 2002-07-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 141917 [Title] => Napocor likely to get $200-M loan [Summary] => The state-run National Power Corp. (Napocor) could still get the second tranche or $200 of its $600-million Power Sector Reform Loan.

Finance officials said the power company has complied mostly with the conditions set by its creditor, Asian Development Bank (ADB), which is co-financing the loan with Japan Bank for International Cooperation (JBIC).

Debt-saddled Napocor badly needs new loans to finance its capital expenditures as well as pay off several maturing debts this year.
[DatePublished] => 2001-11-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 139232 [Title] => Napocor needs to raise $1B for next year [Summary] => State-run National Power Corp. (Napocor) will have to tap the international debt market to raise $1 billion for its financing requirements for next year, it was disclosed yesterday by Finance Secretary Jose Isidro Camacho.

"They will need to do a lot of transactions," Camacho said, adding the National Government may undertake fund-raising for Napocor.
[DatePublished] => 2001-11-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
POWER SECTOR REFORM LOAN
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 191344
                    [Title] => Napocor eyes JBIC loan to finance wholesale electricity spot market
                    [Summary] => The National Power Corp. (Napocor) is looking at the possibility of tapping Japan Bank for International Cooperation (JBIC) to finance half of the needed budget to form the country’s first wholesale electricity spot market (WESM).


"There is a proposal to ask JBIC for another $40 million," Napocor sources told The Star.
[DatePublished] => 2003-01-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 186877 [Title] => GIR level down slightly to $15.74B as of November [Summary] => The country’s gross international reserves (GIR) stood at $15.740 billion as of end-November this year, slightly lower than the October level due mainly to the debt service ... [DatePublished] => 2002-12-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 186400 [Title] => ADB to set conditions for $750-M PSALM bond float [Summary] => The Asian Development Bank (ADB) will impose the same conditions used in the Power Sector Reform Loan (PSRL) program for the Power Sector Assets and Liabilities Management Corp. (PSALM)’s planned $750-million yen-dominated bond offering.

"The partial guarantee to be provided by ADB should be tied to an existing program like PSRL," PSALM president Edgardo del Fonso said.

Among the conditions are: the submission of a privatization plan for the National Power Corp. (Napocor) and establishment of WESM system, he said.
[DatePublished] => 2002-12-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 169413 [Title] => Napocor’s $600-M bond offering to be delayed [Summary] => The planned offering of $600 million in bonds by the National Power Corp. (Napocor) is likely to be delayed until November this year, from an earlier target of August to October, a ranking company official said yesterday.
[DatePublished] => 2002-07-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 141917 [Title] => Napocor likely to get $200-M loan [Summary] => The state-run National Power Corp. (Napocor) could still get the second tranche or $200 of its $600-million Power Sector Reform Loan.

Finance officials said the power company has complied mostly with the conditions set by its creditor, Asian Development Bank (ADB), which is co-financing the loan with Japan Bank for International Cooperation (JBIC).

Debt-saddled Napocor badly needs new loans to finance its capital expenditures as well as pay off several maturing debts this year.
[DatePublished] => 2001-11-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 139232 [Title] => Napocor needs to raise $1B for next year [Summary] => State-run National Power Corp. (Napocor) will have to tap the international debt market to raise $1 billion for its financing requirements for next year, it was disclosed yesterday by Finance Secretary Jose Isidro Camacho.

"They will need to do a lot of transactions," Camacho said, adding the National Government may undertake fund-raising for Napocor.
[DatePublished] => 2001-11-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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