+ Follow EDGARDO DEL FONSO Tag
EDGARDO DEL FONSO
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[ArticleID] => 185757
[Title] => PSALM revises plan for $750-M bond float in US, Japan markets
[Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) has decided to revise its plan to float bonds in the US and the Japanese markets this year.
PSALM president Edgardo Del Fonso said they have agreed with the Department of Finance and the Asian Development Bank (ADB) to issue next month $500 million worth of yen-denominated bonds instead of the original plan to float the bonds in the US.
The bond flotation in the US will push through early next year, but with a lower amount of $250 million.
[DatePublished] => 2002-11-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
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[ArticleID] => 173636
[Title] => Alstom, PNOC-EDC propose rehab of Ambuklao plant
[Summary] => French power giant Alstom and government-run PNOC-Energy Development Corp. (EDC) are proposing to rehabilitate the 75-megawatt (MW) Ambuklao hydro-electric power plant of the National Power Corp. (Napocor).
EDC chairman and president Sergio Apostol, in an interview, said Alstom and EDC are planning to forge a 50-50 joint venture for the rehabilitation of Ambuklao.
"We are studying the possibility of joining forces in terms of financing and technology to rehab the Napocor facility," Apostol said.
[DatePublished] => 2002-08-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
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[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
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[ArticleID] => 169530
[Title] => Government to renegotiate 22 IPP contracts next week
[Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) and the Department of Energy (DOE) are expected to start renegotiating the contracts of 22 independent power producers (IPPs) next week.
PSALM president Edgardo Del Fonso, in an interview, said they are now talking individually with the 22 IPPs and the "official negotiations will kick off by next week".
[DatePublished] => 2002-07-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 166770
[Title] => Napocor, PGI seen settling dispute soon
[Summary] => The National Power Corp. is expected to finalize soon a compromise agreement with the Philippine Geothermal Inc. (PGI) to end a long-term dispute over a steamfield contract., Power Sector Assets and Liabilities Management Corp. (PSALM) president Edgardo Del Fonso said yesterday.
[DatePublished] => 2002-07-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 159257
[Title] => Legislation eyed to remedy PPA issue
[Summary] => The Department of Energy (DOE) and the Power Sector Assets and Liabilities Management Corp. (PSALM) are proposing legislative measures that seek to remedy the power purchase agreement (PPA) issue.
Energy Secretary Vincent S. Perez said that once implemented, the measures would result in as much as 80 centavos per kilowatt reduction in the electric bills of each household.
Specifically, PSALM is asking legislators to allow it to borrow money to refinance the payment of the universal charge to be slapped on electricity end-users.
[DatePublished] => 2002-05-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 159266
[Title] => Sale of Napocor assets delayed
[Summary] => The Power Sector Assets and Liabilities Management (PSALM) said yesterday the actual sale of the transmission assets of the National Power Corp. (Napocor) will take place until after the third quarter of this year.
"We expect more than a three-to four-month delay on the Transco privatization," PSALM president Edgardo Del Fonso said in an interview.
He said that delay would be caused by the legislative action they have to undertake before the actual privatization kicks off.
[DatePublished] => 2002-05-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 159023
[Title] => Napocor needs P17-B to pay loans in May
[Summary] => The National Power Corp. (Napocor) is in dire need of about P17 billion next month to pay off some maturing obligations.
According to Napocor sources, the Department of Finance (DOF) has yet to release the $750-million (P38.25-billion) loan the DOF had borrowed in behalf of the state-run power firm early this year.
Among the loans that need to be paid in May include: the monthly debt servicing requirement of $66 million (P3.36 billion); P6 billion to be paid to the Bureau of Treasury; and $150-million (P7.65-million) debt payment for a maturing loan with JP Morgan.
[DatePublished] => 2002-04-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
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[ArticleID] => 158878
[Title] => ADB mission to firm up guarantee for bond offer
[Summary] => The Asian Development Bank (ADB) will send a mission to the Philippines in June this year to firm up a commitment to provide partial guarantee to the planned $750-million bond offering of the Power Sector Assets and Liabilities Management (PSALM).
PSALM president Edgardo Del Fonso said the ADB and PSALM have signed a memorandum of understanding (MOU) for the extension of such guarantee. But he said this will be firmed up by the ADB mission that will come to Manila middle of the year.
[DatePublished] => 2002-04-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 158126
[Title] => PSALM, SPCC near accord on power deal
[Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) is finalizing the termination of the power purchase agreement (PPA) with San Pascual Cogeneration Co. (Philippines) Ltd. (SPCC).
In a faxed message addressed to PSALM president Edgardo Del Fonso dated April 4, a copy of which was obtained by reporters, SPCC’s partner San Pascual Cogeneration Co. International B.V. (SPCCI) officials Patrick R. Hale and Byron G. Wong have indicated willingness to terminate the PPA pending resolution of some terms and considerations.
[DatePublished] => 2002-04-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 157895
[Title] => DOE probes delay in Ilijan power project
[Summary] => The Department of Energy (DOE) has vowed to get to the bottom of the delay in the commercial operations of the $800-million 1,200-megawatt (MW) natural gas power plant in Ilijan, Batangas.
"We are presently having intense discussions on the matter, particularly with Keilco, Mitsubishi Corp., Mirant Philippines Inc., and Kyushu Electric," Energy Secretary Vincent S. Perez said, in an interview.
Perez said the discussions are being held to determine who should be held accountable for the delay.
[DatePublished] => 2002-04-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
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abtest
August 27, 2002 - 12:00am
