September 13, 2013 MS. JANET ENCARNACION MS. JANET ENCARNACION … · MS. JANET ENCARNACION MS....
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September 13, 2013 MS. JANET ENCARNACION MS. JANET ENCARNACION MS. JANET ENCARNACION MS. JANET ENCARNACION Head, Disclosure Department Philippine Stock Exchange, Inc. 3 rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Makati City Re: Clarification to the September 13, 2013 BusinessWorld News Article Dear Ms. Encarnacion: This refers to your letter requesting us to confirm the veracity of the information contained in the BusinessWorld article dated September 13, 2013, entitled, “Three firms said eyeing Naga plant auction”, a portion of which is quoted hereunder: ………………….. THREE FIRMS have expressed interest in the second auction of the 153.1-megawatt (MW) Naga power plant complex that has been scheduled next month by the Power Sector Assets and Liabilities Management Corp. (PSALM). In a statement yesterday, PSALM said: “the second round of bidding for the sale of the Naga power plant complex has attracted three investors groups,” identifying them as SPC power Corp., Therma Power Visayas, Inc., and RD Corp. PSALM said the prospective bidders attended the pre-bid conference conducted yesterday at PSALM’s office in Makati City. It added that the firms also completed preliminary requirements to participate in the auction, particularly submission of letters of interest by Sept. 4, payment of a P120,000 non-refundable participation fee and execution of confidentiality agreement by Sept. 6. . . . The second auction has been scheduled on Oct. 15. . . . ………………….. We would like to confirm that Therma Power Visayas, Inc., a wholly owned subsidiary of Aboitiz Power Corporation (AboitizPower), intends to participate in the bidding for the 153.1-MW Naga power plant complex located at Naga City, Province of Cebu. At this point, however, AboitizPower is still studying and evaluating the project and the results thereof will be reviewed by the Board for final approval. Thank you. Very truly yours, ABOITIZ POWER CORPORATION ABOITIZ POWER CORPORATION ABOITIZ POWER CORPORATION ABOITIZ POWER CORPORATION By M. JASMINE S. OPORTO M. JASMINE S. OPORTO M. JASMINE S. OPORTO M. JASMINE S. OPORTO Corporate Secretary
Transcript of September 13, 2013 MS. JANET ENCARNACION MS. JANET ENCARNACION … · MS. JANET ENCARNACION MS....
September 13, 2013 MS. JANET ENCARNACION MS. JANET ENCARNACION MS. JANET ENCARNACION MS. JANET ENCARNACION Head, Disclosure Department Philippine Stock Exchange, Inc. 3rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Makati City Re: Clarification to the September 13, 2013 BusinessWorld News Article Dear Ms. Encarnacion: This refers to your letter requesting us to confirm the veracity of the information contained in the BusinessWorld article dated September 13, 2013, entitled, “Three firms said eyeing Naga plant auction”, a portion of which is quoted hereunder: …………………..
THREE FIRMS have expressed interest in the second auction of the 153.1-megawatt (MW) Naga power plant complex that has been scheduled next month by the Power Sector Assets and Liabilities Management Corp. (PSALM). In a statement yesterday, PSALM said: “the second round of bidding for the sale of the Naga power plant complex has attracted three investors groups,” identifying them as SPC power Corp., Therma Power Visayas, Inc., and RD Corp. PSALM said the prospective bidders attended the pre-bid conference conducted yesterday at PSALM’s office in Makati City. It added that the firms also completed preliminary requirements to participate in the auction, particularly submission of letters of interest by Sept. 4, payment of a P120,000 non-refundable participation fee and execution of confidentiality agreement by Sept. 6.
. . . The second auction has been scheduled on Oct. 15. . . .
………………….. We would like to confirm that Therma Power Visayas, Inc., a wholly owned subsidiary of Aboitiz Power Corporation (AboitizPower), intends to participate in the bidding for the 153.1-MW Naga power plant complex located at Naga City, Province of Cebu. At this point, however, AboitizPower is still studying and evaluating the project and the results thereof will be reviewed by the Board for final approval. Thank you. Very truly yours, ABOITIZ POWER CORPORATIONABOITIZ POWER CORPORATIONABOITIZ POWER CORPORATIONABOITIZ POWER CORPORATION By
M. JASMINE S. OPORTOM. JASMINE S. OPORTOM. JASMINE S. OPORTOM. JASMINE S. OPORTO Corporate Secretary
