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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 261913
                    [Title] => Gov’t set to start talks on 50-year lease for Transco
                    [Summary] => The government is ready to start negotiations on the 50-year lease agreement for the National Transmission Corp. (Transco) assets, a top energy official said yesterday. 


"We are currently reviewing the very complicated term sheets that we have received," Energy Secretary Vincent S. Perez said. 


According to Perez, the review of the term sheets will take "several weeks." "We need to look into the detailed offers that we have received. We also have to clarify with each of the five interested groups," he said. 


                    [DatePublished] => 2004-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 250183
                    [Title] => Valuation, legal issues cloud Transco privatization
                    [Summary] => The privatization of the National Transmission Corp. (Transco) still can’t readily take off as asset valuation and legal issues continue to cloud the process, government sources said.


Transco, an entity created under the Electric Power Industry Reform Act (EPIRA) to handle the transmission assets of the National Power Corp. (Napocor), was put on the auction block twice since last year but both biddings ended in a failure as only one party – Singapore Power Corp. – made an offer.


                    [DatePublished] => 2004-05-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 241478
                    [Title] => Potential investors conduct due diligence on Transco
                    [Summary] => The technical due diligence on the National Transmission Corp. (Transco) has yielded positive feedback from a potential investor, according to Energy Secretary Vincent S. Perez. 


"The due diligence by Transco’s potential buyer found the systems operations of Transco superior to a prospective investment that they were looking in North America," Perez said.


With this development, Perez said he is optimistic that the potential buyer will continue to consider Transco as a good investment. 


                    [DatePublished] => 2004-03-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 240176
                    [Title] => Singapore Power in talks for possible partnership with local companies
                    [Summary] => Singapore Power Corp. (SPC), the sole bidder for the assets of National Transmission Corp. (Transco) is in talks with a potential local partner, a government source said. 


An official from the Power Sector Assets and Liabilities Management Corp. (PSALM) said SPC has informed them of ongoing negotiations with a local partner. 


"They said they are busy with some legal arrangements with a (local) partner," the PSALM official said, although he failed to divulge the identity of the potential partner. 


                    [DatePublished] => 2004-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 237094
                    [Title] => Another int’l roadshow mulled if Transco talks fail
                    [Summary] => The government may opt to conduct another international roadshow for the privatization of the assets of the National Transmission Corp. (Transco) if the two interested investors fail to act soon, a ranking Transco official said. 


Transco president Alan Ortiz said  Singapore Power Corp. (SPC) and the Finnish power firm that have signified interest in the Transco assets have yet to make formal negotiations with the Power Sector Assets and Liabilities Management Corp. (PSALM). 


                    [DatePublished] => 2004-01-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 234472
                    [Title] => Transco, Singapore Power set asset sale talks next mo
                    [Summary] => Talks between the National Transmission Corp. (Transco) and Singapore Power Corp. (SPC) are expected to begin next month, a ranking Transco official said. 


"They (SPC) have completed their technical due diligence.  They will be sending a new group to evaluate and analyze results of the due diligence," Transco chief operating officer Roque Corpuz said. 


Corpuz said if the Singapore-based power firm will be able to thresh out the remaining technical and commercial issues, they could start the talks with Transco by late this month or early next month. 


                    [DatePublished] => 2004-01-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 234375
                    [Title] => Finnish power firm eyes Transco assets
                    [Summary] => A big Finnish power firm has become the latest entity to express keen interest in bidding for the assets of the National Transmission Corp. (Transco), a ranking Transco official said. 


"I have talked with another group.  A group from Finland came over this morning expressing interest in Transco,"the official said. 


The official said this marks the first time the unnamed Finnish firm will participate in a power-related business in the country. 


                    [DatePublished] => 2004-01-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 222155
                    [Title] => PSALM readies guidelines for Transco sale
                    [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing the guidelines for the negotiated sale of the assets of National Transmission Corp. (Transco) to Singapore Power Corp., a company official said. 


"As instructed by the PSALM Board, we will comply with the Office of the Government Corporate Counsel’s (OGCC) instructions to come up with procedures on how to go about the negotiated deal with Singapore Power," PSALM vice president Froilan Tampinco said. 


                    [DatePublished] => 2003-09-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 219329
                    [Title] => No firm commitment from S’pore firm on Transco
                    [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) said it has not received any firm commitment from Singapore Power Corp. to enter into a negotiated deal for the National Transmission Corp. (Transco).


"(We) haven’t heard from Singapore (Power) since Aug. 22 when they submitted their formal interest," PSALM vice president Froilan Tampinco said in an interview last Friday.


Singapore Power is the sole entity that has expressed interest in bidding for the 25-year lease contract for Transco.


                    [DatePublished] => 2003-09-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

SINGAPORE POWER CORP

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 261913
                    [Title] => Gov’t set to start talks on 50-year lease for Transco
                    [Summary] => The government is ready to start negotiations on the 50-year lease agreement for the National Transmission Corp. (Transco) assets, a top energy official said yesterday. 


"We are currently reviewing the very complicated term sheets that we have received," Energy Secretary Vincent S. Perez said. 


According to Perez, the review of the term sheets will take "several weeks." "We need to look into the detailed offers that we have received. We also have to clarify with each of the five interested groups," he said. 


                    [DatePublished] => 2004-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 250183
                    [Title] => Valuation, legal issues cloud Transco privatization
                    [Summary] => The privatization of the National Transmission Corp. (Transco) still can’t readily take off as asset valuation and legal issues continue to cloud the process, government sources said.


Transco, an entity created under the Electric Power Industry Reform Act (EPIRA) to handle the transmission assets of the National Power Corp. (Napocor), was put on the auction block twice since last year but both biddings ended in a failure as only one party – Singapore Power Corp. – made an offer.


                    [DatePublished] => 2004-05-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 241478
                    [Title] => Potential investors conduct due diligence on Transco
                    [Summary] => The technical due diligence on the National Transmission Corp. (Transco) has yielded positive feedback from a potential investor, according to Energy Secretary Vincent S. Perez. 


"The due diligence by Transco’s potential buyer found the systems operations of Transco superior to a prospective investment that they were looking in North America," Perez said.


With this development, Perez said he is optimistic that the potential buyer will continue to consider Transco as a good investment. 


                    [DatePublished] => 2004-03-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 240176
                    [Title] => Singapore Power in talks for possible partnership with local companies
                    [Summary] => Singapore Power Corp. (SPC), the sole bidder for the assets of National Transmission Corp. (Transco) is in talks with a potential local partner, a government source said. 


An official from the Power Sector Assets and Liabilities Management Corp. (PSALM) said SPC has informed them of ongoing negotiations with a local partner. 


"They said they are busy with some legal arrangements with a (local) partner," the PSALM official said, although he failed to divulge the identity of the potential partner. 


                    [DatePublished] => 2004-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 237094
                    [Title] => Another int’l roadshow mulled if Transco talks fail
                    [Summary] => The government may opt to conduct another international roadshow for the privatization of the assets of the National Transmission Corp. (Transco) if the two interested investors fail to act soon, a ranking Transco official said. 


Transco president Alan Ortiz said  Singapore Power Corp. (SPC) and the Finnish power firm that have signified interest in the Transco assets have yet to make formal negotiations with the Power Sector Assets and Liabilities Management Corp. (PSALM). 


                    [DatePublished] => 2004-01-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 234472
                    [Title] => Transco, Singapore Power set asset sale talks next mo
                    [Summary] => Talks between the National Transmission Corp. (Transco) and Singapore Power Corp. (SPC) are expected to begin next month, a ranking Transco official said. 


"They (SPC) have completed their technical due diligence.  They will be sending a new group to evaluate and analyze results of the due diligence," Transco chief operating officer Roque Corpuz said. 


Corpuz said if the Singapore-based power firm will be able to thresh out the remaining technical and commercial issues, they could start the talks with Transco by late this month or early next month. 


                    [DatePublished] => 2004-01-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 234375
                    [Title] => Finnish power firm eyes Transco assets
                    [Summary] => A big Finnish power firm has become the latest entity to express keen interest in bidding for the assets of the National Transmission Corp. (Transco), a ranking Transco official said. 


"I have talked with another group.  A group from Finland came over this morning expressing interest in Transco,"the official said. 


The official said this marks the first time the unnamed Finnish firm will participate in a power-related business in the country. 


                    [DatePublished] => 2004-01-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 222155
                    [Title] => PSALM readies guidelines for Transco sale
                    [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing the guidelines for the negotiated sale of the assets of National Transmission Corp. (Transco) to Singapore Power Corp., a company official said. 


"As instructed by the PSALM Board, we will comply with the Office of the Government Corporate Counsel’s (OGCC) instructions to come up with procedures on how to go about the negotiated deal with Singapore Power," PSALM vice president Froilan Tampinco said. 


                    [DatePublished] => 2003-09-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 219329
                    [Title] => No firm commitment from S’pore firm on Transco
                    [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) said it has not received any firm commitment from Singapore Power Corp. to enter into a negotiated deal for the National Transmission Corp. (Transco).


"(We) haven’t heard from Singapore (Power) since Aug. 22 when they submitted their formal interest," PSALM vice president Froilan Tampinco said in an interview last Friday.


Singapore Power is the sole entity that has expressed interest in bidding for the 25-year lease contract for Transco.


                    [DatePublished] => 2003-09-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest