Aboitiz Power gets P20-b loan from LandBank

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Aboitiz Power gets P20-b loan from LandBank
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Aboitiz Power chief renewables officer Jimmy Villaroman said the long-term debt financing would finance ongoing and new RE power plants. READ:

Aboitiz Power chief renewables officer Jimmy Villaroman said the long-term debt financing would finance ongoing and new RE power plants.

Villaroman said the loan facility was in line with Aboitiz Power’s 10-year strategy of growing its RE portfolio to 4,600 megawatts, or half its 9,200 MW total capacity target by 2030. Aboitiz Power chief financial officer Liza Luv Montelibano said the loan reflected the company’s strong financial position and its lending partners’ trust in the organization.

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