Republic of the Philippines invites bids for Transco sale

The Department of Energy of the Republic of the Philippines yesterday put out public notices inviting interested parties to apply to bid for Transco, the transmission assets of the National Power Corporation. The notices formally put in motion a process that has been awaited since the ratification of the Electric Power Reform Act (Epira) in June 2001. CSFB is advising the government on the sale, a mandate it has held since August 2001.