QUEZON CITY AND INTRAMUROS

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                    [ArticleID] => 96254
                    [Title] => Napocor eyes P22 B from sale of idle assets
                    [Summary] => The National Power Corp. (Napocor), the country’s largest power producer, expects to raise more than P22 billion by disposing some of its non-performing assets this year.


Napocor president Jesus N. Alcordo said the proceeds from the sale of the assets will be used to finance its maturing obligations this year and help reduce the company’s losses.


As of end-December 2000, the company recorded total loans of P900 billion and a net loss of P20 billion, including interest expense. About $150-million loans will mature this October.


                    [DatePublished] => 2001-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Napocor eyes P22 B from sale of idle assets

By Donnabelle L. Gatdula | February 27, 2001 - 12:00am

The National Power Corp. (Napocor), the country’s largest power producer, expects to raise more than P22 billion by disposing some of its non-performing assets this year. Napocor president Jesus N. Alcordo...

Business