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Energy Finance & Investment News in Philippines

IPPToday #307: Tender launched for US$2 billion LNG project in the Philippines

IPPToday #307: Tender launched for US$2 billion LNG project in the Philippines

🕔Oct 25, 2018

The Philippine National Oil Company (PNOC) is seeking a joint-venture partner to design, build, finance, operate and maintain a liquefied natural gas (LNG) hub in Batangas Bay, located in Batangas province on the Luzon island of the Philippines. The project could cost up to US$2 billion.

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IPPToday #273: AboitizPower to expand 750 MW geothermal complex in the Philippines

IPPToday #273: AboitizPower to expand 750 MW geothermal complex in the Philippines

🕔Aug 28, 2018

AP Renewables, Inc. (APRI), a wholly-owned subsidiary of AboitizPower, has signed a Geothermal Resources Supply and Services Agreement (GRSSA) with the Philippine Geothermal Production Company, Inc. (PGPC) to expand the Tiwi and MakBan Geothermal Complex, which has an installed capacity of nearly 750 MW.

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IPPToday #235: SK E&C intends to develop US$2 billion coal-fired power project in the Philippines

IPPToday #235: SK E&C intends to develop US$2 billion coal-fired power project in the Philippines

🕔Jun 20, 2018

SK Engineering & Construction (SKE&C), subsidiary of South Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Government of the Philippines to build two 600 MW coal-fired power plants on Luzon island at an estimated cost of KRW2.2 trillion (US$1.98 billion).

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IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

🕔Jun 8, 2018

SK E&S, a subsidiary of Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Department of Energy of the Philippines proposing the construction of liquefied natural gas (LNG) infrastructure worth US$1.7 billion. In addition, Phoenix Petroleum and China National Offshore Oil Corp (CNOOC) have signed a Memorandum of Understanding (MOU) to develop LNG projects in the country.

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ADB announces US$235 million for renewable projects in South-East Asia

ADB announces US$235 million for renewable projects in South-East Asia

🕔Feb 27, 2018

The Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).

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IPPToday #120: Ayala and Aboitiz raise financing for US$1.7 billion Bataan power plant

IPPToday #120: Ayala and Aboitiz raise financing for US$1.7 billion Bataan power plant

🕔Dec 20, 2017

GNPower Dinginin Ltd. Company (GNPD) has reached financial closing for the second generator of the $1.7-billion supercritical coal-fired power plant in Bataan, in the Central Luzon region of the Philippines. GNDP is owned by the Ayala group subsidiary AC Energy Holdings Inc. (50%) and Therma Power Inc., a unit of Aboitiz Power Corp. (50%).

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GIP-led group acquires 100% of Equis Energy

GIP-led group acquires 100% of Equis Energy

🕔Oct 25, 2017

Global Infrastructure Partners (GIP), an independent global infrastructure investor, has announced that its fund, Global Infrastructure Partners III - in conjunction with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, CIC Capital Corporation and a group of its other Limited Partner Co-Investors - has agreed to acquire 100 percent of the equity interests in the wind and solar renewable energy portfolio of Equis Funds Group for US$5.0 billion (including assumed liabilities of US$1.3billion).

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USTDA provides a grant for 100 MW geothermal project in Luzon

USTDA provides a grant for 100 MW geothermal project in Luzon

🕔Oct 23, 2017

The U.S. Trade and Development Agency awarded a grant to Tayabas Geothermal Power Inc. (TGPI) supporting the development of a 60-100MW geothermal power project in southeast Luzon, Philippines.

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GIC consortium marks partnership to secure future growth of geothermal energy investment

GIC consortium marks partnership to secure future growth of geothermal energy investment

🕔Oct 6, 2017

First Gen Corporation and Philippines Renewable Energy Holdings Corporation (PREHC) have marked the commencement of their strategic partnership as substantial shareholders in Energy Development Corporation (EDC).

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Statkraft and Norfund swap hydropower shares

Statkraft and Norfund swap hydropower shares

🕔Sep 28, 2017

Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.

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AC Energy acquires stake in NorthWind Power

AC Energy acquires stake in NorthWind Power

🕔Jan 10, 2017

Ayala Group’s AC Energy Holdings has taken over NorthWind Power Development Corp., the company operating the 52 MW wind farm in Bangui, Ilocos Norte.

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ATN Holdings seeks investors and announces lenders for 120 MW solar project

ATN Holdings seeks investors and announces lenders for 120 MW solar project

🕔Aug 25, 2016

ATN Holdings, Inc. has announced a plan to develop a 120-megawatt (MW) solar photovoltaic plant in Rodriguez, Rizal (Philippines).

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IFC, Canada and Clean Technology Fund to invest in biomass projects in the Philippines

IFC, Canada and Clean Technology Fund to invest in biomass projects in the Philippines

🕔Aug 23, 2016

IFC with support from the Government of Canada and the Clean Technology Fund, has announced an investment of US$161 million in three biomass power plants in Negros Occidental, the Visayan island.

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 Philippine builder Megawide Construction to take over local firm Citicore Power

Philippine builder Megawide Construction to take over local firm Citicore Power

🕔Aug 11, 2016

Megawide Construction Corporation has announced the acquisition of Philippine loca energy firm Citicore Power.

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EDC receives approvals for 1.5 GW wind projects in the Philippines

EDC receives approvals for 1.5 GW wind projects in the Philippines

🕔Jun 27, 2016

Energy Development Corp. (EDC) has plans to develop six wind power projects in Philippines totaling 1.5 gigawatts (GW).

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Metro Pacific Investments Corporation agrees to acquire an additional 25% interest in Beacon Electric Asset Holdings

Metro Pacific Investments Corporation agrees to acquire an additional 25% interest in Beacon Electric Asset Holdings

🕔Jun 8, 2016

First Pacific Company Limited has announced that Metro Pacific Investments Corporation (MPIC) has agreed to acquire an additional 25% interest in Beacon Electric Asset Holdings, Inc. for PHP26.2 billion (US$567.3 million) from PLDT Communications and Energy Ventures, Inc. (PCEV), a subsidiary of Philippine Long Distance Telephone Company (PLDT), the Philippine’s premier telecommunications provider.

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Infraco Asia signs development agreement for Philippine hydropower portfolio

Infraco Asia signs development agreement for Philippine hydropower portfolio

🕔May 6, 2016

InfraCo Asia Development (IAD) has entered into a Joint Investment and Development Agreement (JIDA) and a Convertible Loan Agreement (CLA) with Alternergy Hydro Partners Corporation (AHPC), a developer of renewable energy projects based in Manila, Philippines.

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Philippine GSIS mulls new $400-M fund for infrastructure

Philippine GSIS mulls new $400-M fund for infrastructure

🕔May 3, 2016

Government Service Insurance System (GSIS), a social insurance institution created under Commonwealth Act Number 186 tasked to secure the future of all employees of the Philippine government, has recently announced that it is planning to set up a US$400 million fund for major infrastructure projects.

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Emerging Power, Inc. (EPI) secures fund for renewable projects

Emerging Power, Inc. (EPI) secures fund for renewable projects

🕔Apr 25, 2016

Nickel Asia Corporation has announced it is investing P2.16 billion (around US$46 million) in projects of its renewable energy unit Emerging Power, Inc. (EPI). 

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Bidders line-up for Chevron geothermal assets

Bidders line-up for Chevron geothermal assets

🕔Apr 12, 2016

French power and gas group Engie and Japan's Marubeni have plans to bid for the Chevron Corp's Asian geothermal energy blocks located in Indonesia and Philippines.

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