First Gen, through its subsidiary First Gen Hydro Power Corp. (FG Hydro), recently signed separate loan agreements with BDO Unibank Inc., Bank of the Philippine Islands (BPI) and Rizal Commercial Banking Corp. (RCBC).
The multibillion-peso loan facilities will be utilized by FG Hydro to finance its general corporate requirements.
"This financing will enhance our capability to offer a competitive portfolio of clean energy to the nation. We are very grateful for the continued trust and support of our partner banks - BDO, BPI and RCBC," First Gen CFO Emmanuel Singson said.
FG Hydro currently owns and operates the 132-megawatt (MW) Pantabangan-Masiway hydroelectric power plant in Nueva Ecija.
This story is from the November 30, 2024 edition of The Philippine Star.
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This story is from the November 30, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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