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                    [ArticleID] => 344287
                    [Title] => Lawmakers want power plant contract scrapped
                    [Summary] => Congressmen vowed yesterday to scrap the sale of the P30-billion power plant in Masinloc, Zambales and ask for a new bidding if the winning bidder fails to deliver the $227-million down payment to the government on Friday.


"That is the only logical course of action that the government, through the Power Sector Assets and Liabilities Management (PSALM) Corp., should take if the bidder fails to meet its third deadline on June 30," said Rep. Teodoro Casiño of the party-list group Bayan Muna.


                    [DatePublished] => 2006-06-28 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 343263
                    [Title] => Masinloc buyer a ‘mere broker’
                    [Summary] => The cat is now out of the bag: the buyer of the state-owned P30-billion power plant in Masinloc, Zambales, is just a "mere contract broker that is now cashing in on its operation," Rep. Teodoro Casiño of the party-list group Bayan Muna said yesterday.


"We knew it! This was a big swindle all along!" exclaimed Casiño upon reading newspaper reports that Malaysian power firm Ranhill Bhd was buying out YNN Pacific Consortium Inc. for $8 million (about P424 million) so it can take over and operate the power plant.


                    [DatePublished] => 2006-06-22 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097047
                    [AuthorName] =>  Jess Diaz
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RANHILL BHD

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                    [ArticleID] => 344287
                    [Title] => Lawmakers want power plant contract scrapped
                    [Summary] => Congressmen vowed yesterday to scrap the sale of the P30-billion power plant in Masinloc, Zambales and ask for a new bidding if the winning bidder fails to deliver the $227-million down payment to the government on Friday.


"That is the only logical course of action that the government, through the Power Sector Assets and Liabilities Management (PSALM) Corp., should take if the bidder fails to meet its third deadline on June 30," said Rep. Teodoro Casiño of the party-list group Bayan Muna.


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                    [ArticleID] => 343263
                    [Title] => Masinloc buyer a ‘mere broker’
                    [Summary] => The cat is now out of the bag: the buyer of the state-owned P30-billion power plant in Masinloc, Zambales, is just a "mere contract broker that is now cashing in on its operation," Rep. Teodoro Casiño of the party-list group Bayan Muna said yesterday.


"We knew it! This was a big swindle all along!" exclaimed Casiño upon reading newspaper reports that Malaysian power firm Ranhill Bhd was buying out YNN Pacific Consortium Inc. for $8 million (about P424 million) so it can take over and operate the power plant.


                    [DatePublished] => 2006-06-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097047
                    [AuthorName] =>  Jess Diaz
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Lawmakers want power plant contract scrapped

June 28, 2006 - 12:00am

Congressmen vowed yesterday to scrap the sale of the P30-billion power plant in Masinloc, Zambales and ask for a new bidding if the winning bidder fails to deliver the $227-million down payment to the government...

Headlines

Masinloc buyer a ‘mere broker’

By Jess Diaz | June 22, 2006 - 12:00am

The cat is now out of the bag: the buyer of the state-owned P30-billion power plant in Masinloc, Zambales, is just a "mere contract broker that is now cashing in on its operation," Rep. Teodoro Casiño...

Headlines