+ Follow DEL FONSO Tag
DEL FONSO
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[ArticleID] => 266320
[Title] => Power expert presses for review of some EPIRA provisions
[Summary] => A power industry expert is pushing for a review of some provisions in the Electric Power Industry Reform Act (Epira) which are believed to greatly impact on National Power Corp.’s (Napocor) financial condition.
In a study, former Power Sector Assets and Liabilities Management Corp. (PSALM) president Edgardo del Fonso said there are at least two provisions in the law that directly affect Napocor’s losses.
One is the mandated reduction of 30 centavos per kilowatt-hour (kwh) for all residential end-users.
[DatePublished] => 2004-10-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 242105
[Title] => RP top bank offers P10-B loan facility for Transco buyer
[Summary] => A top financial institution has offered to provide between P5 billion to P10-billion worth of peso-denominated loan to the winning concessionaire for the assets of the National Transmission Corp. (Transco), Energy Secretary Vincent S. Perez said.
At the Privatization Update Forum conducted by the Power Sector Assets and Liabilities Management Corp. (PSALM), Perez said the proposed financing would enable the Philippine government to obtain a higher downpayment for the lease of Tranco’s assets.
[DatePublished] => 2004-03-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
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[ArticleID] => 233172
[Title] => Psalm chief resigns
[Summary] => Power Sector Assets and Liabilities Management Corp. (Psalm) president Edgardo del Fonso has announced his resignation by the end of the month.
Although he declined to spell out the reasons for his pending resignation, Del Fonso simply told The STAR: "I’m out of Psalm by the end of this month."
The Harvard-educated Psalm official had recently undergone a heart surgery. After months of medical rehabilitation, del Fonso reported back to work a few weeks ago.
[DatePublished] => 2003-12-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
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[3] => Array
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[ArticleID] => 230820
[Title] => 10 banks offer to help Napocor raise $1.3-B
[Summary] => At least 10 foreign banks have submitted proposals to the Power Sector Assets and Liabilities Management Corp. (PSALM) to raise portion of the $1.3 billion financing requirement of the National Power Corp. (Napocor) for 2004.
PSALM president Edgardo del Fonso said most of these banks have proposed either to underwrite a direct loan or lead manage a bond float.
Under the Electric Power Industry Reform Act (EPIRA) or Republic Act 9136, PSALM will manage the finances of Napocor.
[DatePublished] => 2003-12-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 230036
[Title] => Renegotiated IPP contracts result in $1.42-B savings for gov’t, says PSALM
[Summary] => The government has saved about $1.42 billion from the renegotiations of the National Power Corp.’s (Napocor) contracts with its independent power producers (IPPs), the Power Sector Assets and Liabilities Management Corp. (PSALM) said yesterday.
"We have negotiated 20 IPPs. There are few remaining IPPs that we need to talk to but we have already completed 99 percent of the negotiation," PSALM president Edgardo del Fonso said.
[DatePublished] => 2003-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 225662
[Title] => Gov’t consolidates position in Malampaya off-take issue
[Summary] => The government will present within this week to the Malampaya consortium its consolidated position on the issue of gas off-take under Service Contract 38 or the Malampaya Deep Water Gas to Power Project, an energy official said over the weekend.
"We met last Thursday to coordinate our respective points of view for the negotiations of the gas off-take of the Malampaya project," Power Sector Assets and Liabilities Management Corp. (PSALM) president Edgardo del Fonso said.
[DatePublished] => 2003-10-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 225259
[Title] => Sale of 2 Napocor plants okayed
[Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) has approved the sale of the first batch of National Power Corp. (Napocor) assets, consisting of the 210-megawatt (MW) Navotas 1-3 and four-MW Talomo plant.
"We have been given the go-signal to dispose of these two assets because they are already clean. This means there are no pending issues on their contracts," PSALM president Edgardo del Fonso said.
PSALM is mandated to handle the privatization of the assets of Napocor.
[DatePublished] => 2003-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 225164
[Title] => New Salcon Power-Napocor contract to save gov’t P3-B
[Summary] => The contract renegotiation for purchased power between the Power Sector Assets and Liabilities Management Corp. (PSALM) and Salcon Power Corp. (SPC) has resulted to a $57.44 million, or about P3 billion, in savings for the government, officials said.
PSALM president Edgardo del Fonso said PSALM, representing the National Power Corp. (Napocor), and SPC were able to resolve all outstanding issues on the power contracts entered into by the two power firms.
[DatePublished] => 2003-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 223101
[Title] => PSALM, electric co-ops ink deal for debt writeoff
[Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) and the National Electrification Administration (NEA) have signed over the weekend a memorandum of agreement (MOA) that will allow PSALM to condone some P18-billion loans of electric cooperatives (ECs).
"Under the law, we have to condone some co-op loans so we signed a MOA with NEA," PSALM president Edgardo del Fonso said.
Del Fonso, however, clarified that only those ECs that will meet the requirements set by NEA and PSALM will be qualified for the loan condonation.
[DatePublished] => 2003-10-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[9] => Array
(
[ArticleID] => 222663
[Title] => Napocor to wrap up new deals with IPPs
[Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) is optimistic it can finish the renegotiations of all the contracts of the National Power Corp. (Napocor) with its independent power producers (IPPs).
"There is a good chance we will finish everything within the year. This is our target," PSALM president Edgardo del Fonso said.
Del Fonso said PSALM hopes to resolve some of the IPP contracts within the next few weeks. "By mid-October, we will be able to successfully renegotiate some more IPP contracts," he said.
[DatePublished] => 2003-10-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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abtest
October 5, 2003 - 12:00am
