NEWS

DBP lends P900M for Agusan hydro proj

MANILA, Philippines – To keep up with its commitment to finance environment-friendly power projects, state-owned Development Bank of the Philippines (DBP) will provide a P900 million loan to Mindanao-based Asiga Green Energy Corp. (AGEC).

In a statement, DBP said the loan would finance the construction of the eight-megawatt (MW) Asiga hydropower plant in Santiago, Agusan del Norte. (continue)