PNB to extend P2.4B for hydro project

By Ben Gines Jr.

Dec 29, 2021 12:20 am

A P2.4-BILLION loan deal has been reached between listed Philippine National Bank (PNB) and Mangima Hydro Power Corp. (MHPC) for the building of a 12-megawatt run-of-river hydroelectric power plant in Manolo Fortich, Bukidnon province.

The project, which is expected to be finished by 2024, is expected to generate 64.12 gigawatt hours per year.

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