BDO Unibank Inc. (BDO), the country’s largest bank, has deepened its financial support to Cebu-based KEPCO SPC Power Corp. (KSPC), a move that highlights the crucial intersection of energy security and economic development.
ACE Corp., the renewable energy arm of the Ayala Group, announced that its subsidiary, GIGA ACE 6 Inc., has secured a loan of up to P34.41 billion to finance its 344.5-megawatt onshore wind power project, which spans towns in Quezon and Laguna.
The Department of Energy (DOE) and the Land Bank of the Philippines have signed a memorandum of agreement to operationalize the Philippine Geothermal Resource De-Risking Facility (PGRDF), a $170-million program aimed at reducing the financial risks of early-stage geothermal exploration.
Green Ecosphere Industries Inc. is proposing a lead recycling plant that can process about 2,040 metric tons of used batteries every month. The facility is expected to produce around 1,000 metric tons of recycled lead ingots monthly, or about 12,000 metric tons a year.
Globe Telecom and GCash have completed the first phase of testing for silent network authentication (SNA), a new technology designed to make digital transactions safer and easier for users.