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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (20493)	7/26/2007 10:00:16 PM
From: energyplay	Read Replies (1) \| Respond to of 220180

Sorry to hear you lost (for now), glad you didn't over bid - That's a pretty high over bid... Note in the press release version that I saw ... the standard language disclaimers - *************************************** PSALM will declare Masinloc Power as the winning bidder as soon as it has verified the accuracy, authenticity and completeness of all the Bid documents that the consortium has submitted. PSALM will then issue the Notice of Award to Masinloc Power, formally informing the consortium as the winning bidder for the Masinloc plant. Masinloc was bid out with a transition supply contract covering around 265 MW. The specific consents of the National Power Corporation's major creditors - the Asian Development Bank, the World Bank, and the Japan Bank for International Cooperation - to the sale of the Masinloc power plant that were obtained by PSALM in 2006 also contributed to the successful sale of the facility. ********************************************** obvious key phrase - "has verified the accuracy, authenticity and completeness of all the Bid documents that the consortium has submitted." Over the next few days you should be able to see the other bidders cards - do they have a source of coal, do they have a special customer who will build some plant that will take a large percent of their output, is there another Manila area plant that is having maintenence problems or pollution issues, etc. Or at least find out what they are smoking ;-) What's the problem with the Aussie coal anyway ?

To: TobagoJack who wrote (20493)	7/27/2007 4:28:36 AM
From: elmatador	Read Replies (1) \| Respond to of 220180

Why you don't ask me before you engage in such businesses?World Bank involved? Asian Development Bank and the Japan Bank for International Cooperation also involved? TJ, when those institutions are involved there is big wayo going on. The issue on the sale of Masinloc Power Plant in Zambales exploded when the winning bidder, YNN Pacific Consortium, was found out to be under-capitalize, no experience in power industry, incorporated only around 4 months before the bidding, and according to Joker Arroyo then, to specific office (the company staying in the listed address in SEC was a manpower services office). In short, at that time YNN seemed to be a “fly by night company”. jcmiras.net

To: TobagoJack who wrote (20493)	7/27/2007 11:44:36 AM
From: carranza2	Read Replies (2) \| Respond to of 220180

I don't understand the opera-like dramatization - hegemon, shock and awe, bbq pits, blah, blah, etc. - when your group came in third, and perhaps were lower than that, and the 'hegemon,' which is a largely unknown US corporation, is partnered with a Singapore group. The runner up bid at least $50 million more than your group. You were cooked even if AES had not been there. What kind of evil vampiric led-by-neocon hegemonic knaves were the runners up? The Malaysians might have been AES in sheep's clothing, who knows, but still......what a dramatic flourish to put into a boring power plant privatization deal in which your folks came it third, at best. I guess I had to be there. And besides, why let the facts get in the way of a good dramatic post? Better luck to you on the next one.