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PHILIPPINES NAPOCOR FAILS TO REPAIR UNIT 1 OF CALACA COAL PLANT.
MANILA, May 1 Asia Pulse - The Failure of the state-run Philippines National Power Corporation (Napocor) to repair the unit 1 of the 600-megawatt Calaca coal-fired power facility is causing delays in settling the final payment of the $US787 million value of the plant.
Suez Energy reportedly informed the Power Sector Assets and Liabilities Management Corp. (PSALM) that it is planning to settle their obligation by June.
However, the supposed closure in the transaction did not materialize after Suez Energy, the new owner, discovered that the plant is not in operating condition because repairs have not been done.
Both Calaca units are currently on shutdown, and have been badly in need of repair to merit turnover to the winning bidder, the French-Belgian firm Suez Energy International.
In an earlier meeting, ...
- PHILIPPINES FIRM ABOITIZ MAY ACQUIRE CALACA COAL PLANT.
- News wire article from: AsiaPulse News February 23, 2009 700+ words
...possibility of bidding for the 600 megawatt Calaca coal-fired power plant. Erramon Aboitiz...the same bid price offer as from the Suez Energy consortium valued at US$787 million...winning bidder for the Calaca plants Suez Energy and partner Calaca Holdco Inc., now...
- SAN MIGUEL CORP EYEING 600MW CALACA COAL FIRED PLANT.
- News wire article from: AsiaPulse News May 8, 2009 700+ words
...SMC) is among the interested buyers for the 600 megawatt Calaca coal fired power facility. Jose C. Ibazeta, president and chief...terminated its agreement with the governments privatization arm. Suez Energy and partner Calaca Holdco Inc., now known as Emerald Energy...
- Philippines: San Miguel Corp. eyeing 600MW Calaca coal fired plant.
- News wire article from: Thai Press Reports May 7, 2009 700+ words
...SMC) is among the interested buyers for the 600 megawatt Calaca coal fired power facility. Jose C. Ibazeta, president and chief...its agreement with the government's privatization arm. Suez Energy and partner Calaca Holdco Inc., now known as Emerald Energy...
- PSALM readies auction of Calaca coal, three other power plants.
- Newspaper article from: Manila Standard February 18, 2006 700+ words
...Management Corp. (PSALM) will finally bid out the 600-megawatt Calaca coal-fired power plant by the first half, nearly a year after...in 2004. Four of these investor groups are bidding for the Calaca coal-fired thermal power plant. The Magat and the Pantabangan...
- 11 INVESTORS EYE 600-MW CALACA COAL-FIRED POWER PLANT IN PHILIPPINES.
- News wire article from: AsiaPulse News May 8, 2009 700+ words
...May 8 Asia Pulse - From an initial nine potential buyers, the number of investors interested to acquire the 600-megawatt Calaca coal-fired power plant has climbed to 11, according to the Power Sector Assets and Liabilities Management Corp. (PSALM...
- Aboitiz Power, San Miguel to vie for Calaca coal plant.
- Newspaper article from: Manila Standard July 8, 2009 700+ words
...participate today in the re-bidding of the 600-megawatt Calaca coal-fired power plant in Batangas. Aboitiz Power Corp. senior...technology is all about, Tampinco said. PSALM is re-bidding the Calaca coal plant after GDF Suez SA, the world's second-largest utility...
- PSALM reviews floor price for Calaca coal plant.
- Newspaper article from: Philippine Daily Inquirer June 15, 2006 700+ words
...SECTOR ASSETS AND LIABILITIES Management Corp. is reviewing the $288-million floor price for the 600-megawatt (MW) Calaca coal-fired power plant to ensure that the third bidding for the facility will not fail. PSALM management is now reevaluating...
- Philippines: 11 investors show keen interests on the 600-MW Calaca coal-fired...
- News wire article from: Thai Press Reports May 11, 2009 700+ words
...General News - From an initial nine potential buyers, the number of investors interested to acquire the 600-megawatt Calaca coal-fired power plant has climbed to 11, according to the Power Sector Assets and Liabilities Management Corp. (PSALM...
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- Press release article from: Business Wire April 27, 2005 700+ words
HOUSTON -- SUEZ Energy Resources NA, Inc. (formerly Tractebel...U.S. retail energy business of SUEZ Energy International), is offering businesses...revenues of EUR 40.7 billion in 2004. SUEZ Energy Resources NA provides electricity...
- SUEZ Energy Resources NA Signs On as Key Sponsor for Hartford Business Journal...
- Press release article from: Business Wire September 2, 2008 700+ words
...Connecticut Businesses HARTFORD, Conn. -- SUEZ Energy Resources NA, the retail energy business of SUEZ Energy North America, will be the signature...consumers. As the signature sponsor, SUEZ Energy Resources will deliver opening remarks...
Source: HighBeam Research, PHILIPPINES NAPOCOR FAILS TO REPAIR UNIT 1 OF CALACA COAL PLANT.