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                    [Title] => Napocor to forego $350-M borrowing
                    [Summary] => The National Power Corp. (Napocor) is likely to forego plans to borrow another $350 million for its capital expenditures this year.


"We have been tightening our belt since the start of the year. We have been generating savings since then equivalent to about $350 million. With this, we are thinking of bringing Napocor’s capex down to only $1.5 billion," Napocor acting president Roland S. Quilala said.


                    [DatePublished] => 2002-11-02 00:00:00
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                    [AuthorName] => Donnabelle L. Gatdula
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SALOMON SMITH BARNEY HONG KONG LTD

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                    [ArticleID] => 182285
                    [Title] => Napocor to forego $350-M borrowing
                    [Summary] => The National Power Corp. (Napocor) is likely to forego plans to borrow another $350 million for its capital expenditures this year.


"We have been tightening our belt since the start of the year. We have been generating savings since then equivalent to about $350 million. With this, we are thinking of bringing Napocor’s capex down to only $1.5 billion," Napocor acting president Roland S. Quilala said.


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abtest

Napocor to forego $350-M borrowing

By Donnabelle L. Gatdula | November 2, 2002 - 12:00am

The National Power Corp. (Napocor) is likely to forego plans to borrow another $350 million for its capital expenditures this year. "We have been tightening our belt since the start of the year. We have been...

Business