Nice observation by Alfie on the almost 20% surge in share price for First Gen. since late August.
He credits this to investors’ confidence that they will successfully make a profitable purchase of PSALM’s Pantabangan-Masiway hydroelectric plant.
Reuters has a nice round-up of the status and issues of the Mirant Philippine asset auction.
Here’s a one-page backgrounder on Mirant assets and some history which I prepared earlier this year.
Also, here’s a copy of Mirant’s 2005 10K in html format (8MB), which has useful information on their Philippine assets.
Update: I’ve changed the “nominal” unit capacity designation on Sual to 600 MW on my backgrounder.