DBP approves Dupinga Mini Hydro's P660M loan

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.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5-mo ng borrowings at P924.4B, down 47.6% | Bernadette D. NicolasTHE national government borrowed a total of P924.43 billion in the first five months of the year, lower than a year ago, on the back of the repayment of its short-term loan from the Bangko Sentral ng Pilipinas (BSP). Latest data from the Bureau of the Treasury showed the government’s…
Source: BusinessMirror - 🏆 19. / 59 Read more »