PH power firm Panay Energy raises $257.8m in debt

PH power firm Panay Energy raises $257.8m in debt

Visual from the GBP website

Philippine-based Panay Energy Development Corporation (PEDC), a part of the GBPC group, has raised $257.8 million (P11 billion) from a 12-year syndicated loan facility to fund its 150 MW clean coal-fired power plant expansion project at Iloilo City.

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