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 Luzon And Visayas Grids News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 ....

Mindoro Oriental , Tubig River , Eastern Samar , Nueva Vizcaya , Philippines General , Matuno River , The Philippines , Emmanuel Herbosa , Matuno River Development Corporation , Financing Utilities For Sustainable Energy Development , Magis Energy Holdings Corporation , Taft Hydroenergy Corporation , National Grid Corporation Of The Philippines , Development Bank , Financing Utilities , Sustainable Energy Development , Barangay San Rafael , Luzon Grid , National Grid Corporation , San Rafael , Samar Island , 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 Luzon And Visayas Grids , A Top Official Said Ina Statement Thursday , Bp President And Chief Executive Officer Emmanuel Herbosa Said The Loans To Matuno River Development Corporation Mrdc Taft Hydroenergy Thec , Oth Majority Owned By Magis Energy Holdings Corporation Mehc , Ere Extended Under The Financing Utilities For Sustainable Energy Development Fused Quot With These Projects ,