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Bidders for Malaya plant trimmed to 2 firms

Published April 30, 2021, 4:19 PM The prospective bidders in the 650-megawatt Malaya thermal power plant had been trimmed to two companies, from originally 4 to 5 companies, but state-run Power Sector Assets and Liabilities Management Corporation (PSALM) said it is still keen on divesting the facility via a negotiated deal by May 7 this year. In the roll of remaining prospective takers are AC Energy Corporation of the Ayala Group and Fort Pilar Energy Inc., according to PSALM. The plant has two units – with unit 1 having an installed capacity of 300 megawatts; and unit 2 is of 350MW capacity. The asset-seller firm said the two companies have “submitted all their documentary requirements within the deadline given, and these requirements were found to be in order and acceptable.”

Government generating power again?

Government generating power again? on April 29, 2021 at 9:08 pm Two decades after the government let go of generating power, it’s considering a return in order to boost power reserves in the wake of thin supply, especially during the peak months. In the hearing of the Joint Congressional Energy Commission on Tuesday, Energy Sec. Alfonso Cusi said that the plan is to have the government build and operate the plant as a reserve, then have it privatized along the way.  One example he cited was that of the Casecnan hydroelectric power plant in Pantabangan, Nueva Ecija, which the government could take over and operate as a reserve.   

Environmental News For The Week Ending 24 April 2019

Environmental News For The Week Ending 24 April 2019
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

Noodle-maker Monde Nissin receives PSE nod for $1 3b Philippine IPO

Noodle-maker Monde Nissin receives PSE nod for $1.3b Philippine IPO A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters April 26, 2021 Food maker Monde Nissin Corp has received approval from the Philippine Stock Exchange (PSE) for its planned initial public offering (IPO) that could raise 63 billion pesos ($1.3 billion) in what will be the country’s largest-ever listing. The PSE approval came a day after Monde Nissin, which makes the best-selling Lucky Me! instant noodles in the Philippines and meat alternative Quorn in the UK, received pre-effective approval from the Securities and Exchange Commission (SEC). In its registration statement with the SEC, the company said it is offering 3.6 billion shares at 17.50 pesos each. The final price will be determined on May 18 while the offer period is scheduled on May 24 to 28.

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