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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.
Esta historia es de la edición March 09, 2025 de The Philippine Star.
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