Mar. 5–PHILIPPINE National Oil Co.-Energy Development Corp. (PNOC-EDC) plans to bid for the Tiwi-Makban geothermal complex in an upcoming state-auction.
In a disclosure to the Philippine Stock Exchange, Erudito S. Recio, investor relations manager of the country’s largest geothermal energy producer, said the company is keen on participating in the privatization of the 289-megawatt Tiwi and 458.53-megawatt Makban plants, both of which will be auctioned off as a package by state-run Power Sector Assets and Liabilities Management Corp. (PSALM) in June.
"PNOC-EDC has expressed its interest to participate in and bid for the geothermal complex," he said.
With a total capacity of about 1,200 megawatts, PNOC-EDC said its bid for the facilities, which is situated in the Tiwi-Makban geothermal production field operated by Chevron Geothermal Philippines Holdings Inc., is part of an aggressive expansion campaign the company has lined up.
Besides the geothermal unit, the company earlier indicated that it is likewise keen on acquiring state-owned power plants up for privatization with a combined capacity of 1,200 megawatts in the Bacon-Manito, Palinpinon and Tongonan geothermal production fields, which PNOC-EDC operates. Read more
To see more of The Manila Times, or to subscribe to the newspaper, go to http://www.manilatimes.net.
Having a vacation is what most of us want. Who doesn’t want respite after a long month of headaches and sweat in your office? Now, planning your trip should not bring you’re the same stressing requirements huh? On this note, you must look for a reliable online vacation package service provider to tone down the strain in your head. One of the best places to go is hotereservations.com. This site has established good records over the years, satisfying countless customers every month.
For more than 6 years, HotelReservations.com has served travelers with great prices on the places that are suitable for both leisure and business travel. Hotelreservations.com offers roughly 70,000 properties worldwide from hotels and motels to B&B’s to inclusive resorts and condos! So what more can you ask for? Book the perfect trip today at hotelreservations.com. Special Internet Rate reservations booked through interactive affiliate network are guaranteed to be the lowest rate. Once you discover lower rates available for the same dates and the same hotel, contact them within 24 hours for your "Special Internet Rate" reservation. Upon verifying the lower rate, they will choose either match the lower rate or cancel the reservation without a cancellation fee. This however only applies to rates indicated as "Special Internet Rates." To learn more or to claim a guarantee, go to their site now.
Looking for the most comprehensive online casino games resource? Here is one independent online casino guide & online gambling threshold that will provide you with up to date gambling information. On this virtual casino portal, you will discover reliable reviews for the top online casino sites. Check them out to be one of the master gamers. Just a warning, never get addicted to these games. Anything that is taken excessively is bad.
Bad credit loans? You might have suffered so much! Stop worrying about these and look for lenders who are willing to you another chance. One of the best lenders that you can count on is BadCreditOffers.com. This is a reliable site for people with bad credits. Forget your bad credit credit cards and grab that second chance. Visit their site to discover more exciting features such as personal loans, auto loans, and home loans aside from credit cards for bad credits.