MANILA (AFX-ASIA) – The Philippine National Oil Co’s Energy Development Corp is considering exchanging its 4 billion peso in receivables from the National Power Corp for at least four of the latter’s geothermal plants, PNOC-EDC chairman and president Sergio Apostol said. (US$1=50 peso). “Napocor owes us about 4 billion pesos in steam and power sales…
PHILIPPINES: PNOC-EDC seeking to swap Napocor plants for 4 billion peso in receivables
Posted on August 27, 2002 by EnergyAsia