Staying above water
Article Abstract:
Ayala Corp.'s bid for as Manila, Philippines water privatization project was ambitious in that it seeks to cut water tariff rates by 30% for consumers over the first 10-years of the project. Other competing bids ranged from between 56% and 69%. Ayala was awarded the 25-years water utility concession for the east zone of Manila. Ayala is a consortium that includes Bechtel Enterprises and United Utilities of the UK.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1997
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Kepco hopes for premium to narrow
Article Abstract:
Kepco, the giant South Korean electric utility company, is proceeding with privatization with a planned $100 million stock issue. This offering will reduce the government's ownership by 5% at could be worth up to $900 million at the time of sale.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1999
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