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Alternergy inks P5.3-B loan with RCBC
The Philippine Star
|June 14, 2024
Renewable power firm Alternergy Holdings Corp. (AHC) has signed a P5.3billion loan with a local bank to partially fund the development of a 64-megawatt (MW) wind project in Quezon province.
In a regulatory filing, AHC said its unit, Alabat Wind Power Corp. (AWPC), secured the project finance facility from Yuchengco-led Rizal Commercial Banking Corp. (RCBC).
AWPC is a wholly owned subsidiary of Alternergy Wind Holdings Corp., the wind sub-holding arm of AHC.
"We are very pleased to finally sign the loan agreement for the project finance facility for our Alabat Wind Power Project after a very thorough due diligence period against a very tight timeline," AHC president Gerry Magbanua said in a statement.
Esta historia es de la edición June 14, 2024 de The Philippine Star.
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