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DBP Loans To Energy Projects Hit P77-B

“As of December 2022, DBP has approved 92 accounts under the FUSED Program, 27 of which are renewable energy projects,” de Jesus said. “We also expect that by ....

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Alternergy secures DBP financing for hydro project

Pioneering Filipino-led renewable energy firm Alternergy has secured P600-million credit facility from the Development Bank of the Philippines (DBP) to bankroll its 4.6-megawatt Dupinga mini- hydropower project in Gabaldon, Nueva Ecija.

The proposed hydropower facility will be implemented via ....

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DBP funds P2-B green energy projects

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The Development Bank of the Philippines (DBP) has extended P2.1-billion loans to two hydro-energy projects that will augment power supply for the Luzon and Visayas Grids.

DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan under the Financing Utilities for S ....

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DBP backs green energy projects

MANILA - State-owned Development Bank of the Philippines (DBP) has provided PHP2.1-billion in funding support for two hydro-energy projects that aim to augment power supply for the Luzon and Visayas grids, a top official said. In a statement Thursday, DBP president and chief executive officer Emmanuel Herbosa said the loans to Matuno River Development Corporation (MRDC) and Taft Hydroenergy Corporation (THEC), both majority-owned by Magis Energy Holdings Corporation (MEHC), were extended under the Financing Utilities for Sustainable Energy Development (FUSED). "With these projects, we hope to accelerate the use of renewable power resources and increase the country's green energy mix,'' Herbosa said. "Green financing can ensure that sustainable socio-economic development can be achieved while protecting the environment." DBP is the fifth-largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy infras ....

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