Press Releases
Year: 2006

National Power authorizes foreign banks for proposed bond financing


The National Power Corporation of the Philippines has mandated Citigroup and Deutsche Bank AG as Joint Bookrunners for a proposed bond financing. The proposed transaction will be announced soon, subject to market conditions. The bonds will be unconditionally and irrevocably guaranteed by the Republic of the Philippines....

WB and ADB offer financial guarantees to TransCo potential bidders


The International Bank for Reconstruction and Development or World Bank (IBRD) and the Asian Development Bank (ADB) are willing to extend guarantees to the winning bidder of the National Transmission Corporation (TransCo) 25-year concession. ...

Creditors give consent to sale of Pantabangan - Masiway complex


The sale and transfer of the 112-megawatt (MW) Pantabangan-Masiway Hydroelectric Power Plant Complex to winning bidder First Gen Hydro Power Corporation have been cleared by the major creditors of the National Power Corp....

IFC assures financial support for TransCo winning bidder


The International Finance Corporation (IFC), the private sector arm of the World Bank, has offered to provide financing support to the winning bidder of the 25-year concession of the National Transmission Corporation (TransCo), the country's sole transmission arm....

MOA for Masiway land administration signed


The Power Sector Assets and Liabilities Management Corp. (PSALM) will continue administering the Masiway land in Sitio Masiway, Pantabangan, Nueva Ecija, as stipulated in a Memorandum of Agreement that was recently signed between officials of PSALM and the Protected Area Management Board (PAMB)....




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