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                    [ArticleID] => 372446
                    [Title] => First Gen backs out of Mirant bidding
                    [Summary] => 



First Gen Corp., the power generation arm of the Lopez group, announced  yesterday  that it has dropped its bid for Mirant Philippines Corp.’s assets.


In a disclosure to the Philippine Stock Exchange (PSE), First Gen vice president and compliance officer Victor B. Santos Jr. said "First Gen has advised Mirant Corp. that it will not participate in the bidding for the Mirant assets."


Santos said the company may want to concentrate on new projects and those assets being sold by the Power Sector Assets and Liabilities Management Corp. (PSALM).


                    [DatePublished] => 2006-11-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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ANGAT AND AMBUKLAO

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                    [ArticleID] => 372446
                    [Title] => First Gen backs out of Mirant bidding
                    [Summary] => 



First Gen Corp., the power generation arm of the Lopez group, announced  yesterday  that it has dropped its bid for Mirant Philippines Corp.’s assets.


In a disclosure to the Philippine Stock Exchange (PSE), First Gen vice president and compliance officer Victor B. Santos Jr. said "First Gen has advised Mirant Corp. that it will not participate in the bidding for the Mirant assets."


Santos said the company may want to concentrate on new projects and those assets being sold by the Power Sector Assets and Liabilities Management Corp. (PSALM).


                    [DatePublished] => 2006-11-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

First Gen backs out of Mirant bidding

By Donnabelle L. Gatdula | November 30, 2006 - 12:00am

First Gen Corp., the power generation arm of the Lopez group, announced yesterday that it has dropped its bid for Mirant Philippines Corp.’s assets. In a disclosure to the Philippine Stock Exchange...

Business