Manila will invite new bidding for contentious power plant project

Article Abstract:

The Philippine government has chosen to stage a second round of bidding for the development of a 1,200-megawatt gas-fired power plant in an undetermined location. The announcement is a cause of displeasure for Consolidated Electric Power Asia Ltd. which had originally won in the first auction. However, the awarding of the project was cancelled after it was accused by the National Power Corp. of not revealing information about the turbines it intended to use. The deadline for the new bidding is Apr. 15, 1996.

Heavy construction, not elsewhere classified, Manufacturing and Industrial Building Construction, Electric Generating Plant Constr, Energy policy, Gas power plants, Electric power plant construction

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Hopewell faces yet another dispute as Philippine firm cancels road deal

Article Abstract:

Hopewell Holdings Ltd. has failed anew in its bid to invest in the Philippines as its proposal to build a 75-mile highway linking Manila with Pagbilao, a town in a province south of Manila has been rebuffed by the Philippine National Construction Corp. The latter cancelled a memorandum of agreement with the investor. Previously, Hopewell's winning bid for the construction of a power plant in the Philippines was disqualified because of some technicalities.

Bank holding companies, Public utilities

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Hopewell hedges on Thai rail project, sets plan to cut debt with new firm

Article Abstract:

Thai government officials have accused Hopewell Holdings Ltd. (Hopewell) of breaking a promise to complete the Bangkok road and rail project by Jun. 1998. However, company officials deny having made any such a promise, saying that they only promised to do their best to meet the date set by Thai transport officials. Hopewell has also established a new infrastructure company, Consolidated Real Estate and Transport Asia Ltd.

Management, Holding companies

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