Suweco secures $24m credit facility from BDO Unibank for hydro project

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

The Growing Significance of the Run-of-River Plants

As the world is looking out for ways in...

Advancements in Hydropower: Innovations to Expect in 2025

As the global community struggles to address the immediacy...

US Aims To Bring Down Hydrogen Electrolyser Costs In 2 Years

The Hydrogen and Fuel Cell Technologies Office- HFTO of...

Multi-Year Program Plan By HFTO To Widen US Clean Energy

It is worth taking into consideration that the Multi-Year...

Philippines-based renewable energy producer Sunwest Water and Electric Company (Suweco) has secured PHP1bn ($24.1m) credit facility from BDO Unibank for its 8MW hydropower project.

The run-of-river Villasiga hydropower plant located in Barangay Igsoro, Bugasong in the province of Antique is estimated to cost PHP1.6bn ($38.69m), according to manilastandardtoday.com.

Nearly 85% of the project has been completed with power generation expected to commence in October 2013. It will have an annual production rate of 31.4MWh.

Suweco stated that the Villasiga hydro project is on the back of federal government’s efforts to boost the renewable energy sources to 50% in the next 15 years from the current 20%.

Latest stories

Related stories

The Growing Significance of the Run-of-River Plants

As the world is looking out for ways in...

Advancements in Hydropower: Innovations to Expect in 2025

As the global community struggles to address the immediacy...

US Aims To Bring Down Hydrogen Electrolyser Costs In 2 Years

The Hydrogen and Fuel Cell Technologies Office- HFTO of...

Multi-Year Program Plan By HFTO To Widen US Clean Energy

It is worth taking into consideration that the Multi-Year...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back