In line with its thrust to support new and renewable energy sources, the Development Bank of the Philippines approved a P660-million loan to develop the 4.6 megawatt Dupinga Mini Hydropower project in Gabaldon, Nueva Ecija.
The loan extended to Dupinga Mini Hydro Corporation is under DBP’s Financing Utilities for Sustainable Energy Development . “Ensuring the completion of this project through our funding support also assures that the welfare of our indigenous people and their community as well as the Sierra Madre are protected and remains sustainable.”
DMHC is a partnership between Alternergy Holdings Corporation, a pioneering renewable energy company led by former energy secretary Vicente S. Pérez Jr., and Markham Resources Corporation, an investment company led by Francisco Tiu Laurel of the Frabelle Group.
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Source: BusinessMirror - 🏆 19. / 59 Read more »