Nickel Asia Corp., a diversified resource development company led by the Zamora Group, said Wednesday its board approved a short-term loan to its renewable energy subsidiary, Emerging Power Inc.
The company said its board approved a substantial short-term advance of P3.06 billion to help fund the solar power projects of Emerging Power, particularly the 145-megaWatt Subic Cawag and 120-megaWatt Leyte solar power projects.
The decision underscores Nickel Asia’s commitment to expanding its portfolio in renewable energy and addressing the growing demand for sustainable power solutions.
Jobin-SQM Inc., Emerging Power’s operating asset, is operating a 172-megaWatt power facility and developing a geothermal project in Biliran.
