SMC unit will borrow ₧40Bfor battery storage plants &

SMC unit will borrow ₧40Bfor battery storage plants • Lenie Lectura

Universal Power Solutions Inc. (UPSI) is borrowing P40 billion to finance its battery energy storage system (BESS) projects, the unit of San Miguel Global Power Holdings Corp. said. In a filing, the power arm of conglomerate San Miguel Corp. (SMC) said UPSI entered into financing agreements for the BESS projects built or to be built

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