Thursday, July 26, 2007

UPDATE 1-Manila revives power sales with $930 mln deal

(Reuters) - MANILA, July 26 - The Philippine government sold a
600-megawatt coal-fired power plant for $930 million to a group
led by AES Transpower on Thursday, successfully reviving
its energy privatisation programme.




The winning bid was nearly two thirds higher than the $562
million price tag paid for the plant, in Masinloc, Zambales
northwest of Manila, in a 2004 sale that was later nullified.


Read more at Reuters.com Bonds News

No comments: