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THE Development Bank of the Philippines (DBP) extended a total of P2.1-billion loan to two hydro-energy projects that seek to boost both the Luzon and Visayas grids. The state-owned bank said in a statement last Thursday that loans provided to Matuno River Development Corp. (MRDC) and Taft Hydroenergy Corp. (THEC)…
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 hop...
A DAY after the Department of Energy (DOE) said that it does not expect yellow alerts in Luzon this year, the National Grid Corporation of the Philippines (NGCP) said Tuesday that operating margins were forecast to be thin from April to June this year. This means that yellow alerts could…
SMC Global Power Holdings Corp. has retained its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, from Philippine Rating Services Corporation for its outstanding bond issuances amounting to P73.85 billion. Obligations rated PRS Aaa are of the highest quality with minimal credit risk.
Some 700megawatts (MW) of additional capacity will be added to the Luzon grid after the Energy Regulatory Commission (ERC) released Monday a Certificate of Compliance (COC) to GNPower Dinginin Ltd. Co. (GNPD). “With the issuance of a COC to GNPD, it can now commercially operate and inject power to the…