+ Follow PACIFIC CONSORTIUM INC Tag
PACIFIC CONSORTIUM INC
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 351010
[Title] => FVR hinarap si Miriam sa Masinloc issue
[Summary] => Hindi inurungan ni dating Pangulong Ramos ang ginawang ‘paggisa’ dito ni Sen. Miriam Defensor-Santiago sa kanilang paghaharap kahapon sa Masinloc power plant deal investigation ng Joint Congressional Power Commission (Powercom).
Itinanggi ni Ramos sa pagharap nito sa Powercom na pinamumunuan ni Sen. Santiago na kakilala niya ang mga opisyal ng YNN Pacific Consortium Inc. at Ranhill Berhad Power Corporation.
[DatePublished] => 2006-08-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Bansa
[SectionUrl] => bansa
[URL] =>
)
[1] => Array
(
[ArticleID] => 346597
[Title] => YNN can still save its Masinloc contract, but not its $14-M bond
[Summary] => The government will not deduct the $14.14-million performance bond from the $561-million purchase price of 600-megawatt Masinloc power plant in case the YNN Pacific Consortium Inc. and its partner Ranhill Berhad will decide to deliver the downpayment before Aug. 6, Energy Secretary Raphael P.M. Lotilla said over the weekend.
"That would not be part of the $561 million," Lotilla said. The energy chief did not elaborate.
[DatePublished] => 2006-07-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 343057
[Title] => Graft to be filed vs execs involved in Masinloc sale
[Summary] => Rep. Teodoro Casiño of the party-list group Bayan Muna is filing graft charges against officials of the state-owned Power Sector Assets and Liabilities Management Corp. (PSALM) for "bungling" the sale of the P30-billion power plant in Masinloc, Zambales.
He told a news conference yesterday that these officials have violated the Anti-Graft and Corrupt Practices Act and the Code of Conduct for Ethical Standards for Public Officials and Employees for being "too accommodating" to the winning bidder, YNN Pacific Consortium Inc.
[DatePublished] => 2006-06-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[3] => Array
(
[ArticleID] => 338641
[Title] => PSALM rejects YNN Pacific’s proposal
[Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) has junked YNN Pacific Consortium Inc.’s proposal to attach a bilateral power supply contract to its $14-million performance bond.
PSALM vice president for asset management and electricity trading Froilan Tampinco said the PSALM board rejected YNN’s proposal as this will go against the privatization sales agreement.
[DatePublished] => 2006-05-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 329234
[Title] => YNN Pacific eyes Malaysian partner for Masinloc project
[Summary] => YNN Pacific Consortium Inc. may tap a Malaysian partner to help in financing the purchase of the 600-megawatt (MW) Masinloc coal-fired power plant in Zambales, industry sources said
This as the government has reportedly allowed the consortium another three-month extension to pull through with the upfront cash payment of $223 million.
The sources said the unnamed Malaysian partner being eyed for the project already has a presence in the Philippines, but is basically involved in oil and gas exploration.
[DatePublished] => 2006-04-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 328858
[Title] => YNN readies downpayment for Masinloc plant
[Summary] => YNN Pacific Consortium Inc. is ready to deliver its committed $222-million initial cash payment for the purchase of the 600-megawatt (MW) Masinloc coal-fired power plant in Zambales, industry sources said.
Sources privy to the ongoing talks between the consortium and the state-run Poser Sector Assets and Liabilities Management Corp. (PSALM) said the former has "no choice but to pay," although there would be some minor "realignment of participation."
[DatePublished] => 2006-03-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 318864
[Title] => PSALM extends YNN Pacific performance bond by 4 months
[Summary] => State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has extended by four months the effectivity of the performance bond of YNN Pacific Consortium Inc., winning bidder of the 600-megawatt Masinloc coal-fired power plant.
The amended $11.14-million performance bond of YNN which is due to expire on April 7, will be valid up to August 2006, PSALM said.
[DatePublished] => 2006-01-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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