A unit of Aboitiz Power Corp has closed loan deals of up to $213.5 million (P10 billion) and now aims to boost its latest hydro power project in the Philippines.
Aboitiz Power disclosed on Wednesday that its wholly-owned subsidiary Hedcor Bukidnon Inc obtained the funds through loans and credit accommodations from a consortium of lender-banks to finance the development, construction, operation and maintenance of its 68.8 megawatts (MW) hydroelectric power generation facility located in Manolo Fortich, Bukidnon province.
