Aboitiz Power Corp. has secured a P20-billion loan from the state-owned Land Bank of the Philippines to fund the growth of its renewable energy portfolio.
Aboitiz Power Corp. has secured a P20-billion loan from the state-owned Land Bank of the Philippines to fund the growth of its renewable energy portfolio.
AboitizPower chief renewable energy officer Jimmy Villaroman said the long-term debt financing with the state-run lender will fund ongoing expansion and development projects, including constructing new renewable energy power plants. "This loan will allow us to continue providing clean and sustainable energy to help meet the growing demand in the country," he added.
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