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ACEN secures P34B loan for Quezon wind
Manila Bulletin
|April 1, 2025
Ayala-led ACEN Corp. announced that its subsidiaries, ACEN Global Development Group Inc. and GIGA ACE 6 (GA6), have secured an omnibus loan and security agreement (OLSA) for the Quezon North wind project.
In a disclosure to the Philippine Stock Exchange on Monday, March 31, the power firm said it and its two subsidiaries signed an OLSA with banks of the Philippine Islands (BPI), BDO Unibank Inc. (BDO), and Rizal Commercial Banking Corp. (RCBC) through a P34.41-billion deal.
This loan will partially finance the 344.5-megawatt peak (MWp) Quezon North onshore wind power project, which is located in the municipalities of Mauban, Real, Paete, and Kalayaan in the provinces of Quezon and Laguna.
This story is from the April 1, 2025 edition of Manila Bulletin.
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