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Nickel Asia unit gets P5.2-B loan from RCBC
The Philippine Star
|March 09, 2025
A subsidiary of Zamora-led Nickel Asia Corp. (NAC) is advancing the development of its massive solar farm in Zambales with a P5.18-billion loan from Yuchengco-led Rizal Commercial Banking Corp. (RCBC).
NAC unit Emerging Power Inc. (EPI) recently signed a senior term loan facility with RCBC to bankroll the construction of the 145-megawatt (MW)-peak Cawag solar power project at Subic Freeport.
"We look forward to a long-term partnership with NAC and EPI, and we also look forward to funding more of their RE (renewable energy) projects," RCBC executive vice president Elizabeth Coronel said.
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