ARTICLE SERVICES            Reprint this article     Print this article       Send as an e-mail     Send Feedback       Post a comment       RELATED STORIES   Oil trades at fresh record of $111.80 Meralco 2007 net profit falls sharply on absence of one-off Green group calls for one-hour voluntary brownout Opposition to coal-fed plant grows in Iloilo Enrile joins ‘infomercial’ list IPP contracts sale pushed $450-M power plant to rise in Sarangani EDC to raise P18B more China wants new global monetary system Solons caution gov’t on privatization More Stories » Business Aim to retire with no debts PLDT taps Meralco for new venture Corporate war comes to Philex RCBC bent on expansion EDC to raise P18B more April exports fall 35.2% on year Wall Street crook to earn pennies Piltel transforms into holding firm Plan your fun-spending this summer Money lessons you won't learn in class Business GMA 7 expanding overseas Thrift bank up for sale BSP wants cover for forex losses Focus backs out of Tindalo venture S&P affirms RP ratings, stable outlook QC judge told issue arrest order vs PBA cager Mobile money exchange scheme launched Robinsons mall, hotel to rise in Tacloban PLDT taps Meralco for new venture Lodestar, OVMPC sign deal BSP ready to act to counter downturn Problems in search of marketing solutions   Business Most Read RSS Phil Center For Hair Restoration Surgery Real & permanent solution to hair loss. 50% off. Call Celso at 3386895, 0920-9011068 DIVISORIA.COM Tagalog DVD movies and OPM music. Delivers worldwide. Online since 1999

MANILA, Philippines--Carmen Copper Corp., a subsidiary of listed firm Atlas Consolidated Mining and Development Corp., has tapped National Power Corp. as its power supplier for the next three years.

In a statement, Napocor said the supply accord signed recently would be valid up to 2011 and would involve 40 megawatts (MW) of power.

The agreement states that the 40 MW that Napocor will supply to CCC's Toledo Copper Mine in Cebu will come from the state firm's excess capacity from the Leyte geothermal power plants of PNOC Energy Development Corp.

Delivery of power will start when National Transmission Corp. completes the capacity upgrade of its Leyte-Cebu submarine cables from the present 360 MW.

In a disclosure to the Philippine Stock Exchange, CCC said it was currently rehabilitating its copper mine in Toledo, with rehabilitation now 60-percent complete.

• Oil trades at fresh record of $111.80
• Meralco 2007 net profit falls sharply on absence of one-off
• Green group calls for one-hour voluntary brownout

• China wants new global monetary system
• Solons caution gov’t on privatization