The Asian Development Bank (ADB) has committed to lend $4.22 billion to the Philippines for development and infrastructure programs and extend technical assistance valued at $9.3 million until 2019. The multilateral fund’s new country operations and business plan (COBP) for the Philippines is aimed at helping the country achieve more inclusive growth and address income…
Tag: power projects
RP Energy finalizing P30-B bank loans for Subic plant
Redondo Peninsula Energy Inc. (RP Energy) is looking to close a P30-billion loan from three local banks by December to put the construction of its 2×300 megawatt (MW) Subic coal-fired power plant in full swing, a company official said. “We’re in the thick of due diligence and loan agreement discussions with the lenders and our…
Bill filed to classify power projects of national significance
Sen. Sherwin Gatchalian is mulling a bill aimed to fast-track the processing of critical power projects – an issue raised by power developers for a long time – in order to meet the country’s growing power requirements. A bill will be refiled that will classify energy projects as projects of national significance, said Gatchalian, chairman…
Winnergy Holdings Corp. 