Repower Energy records 30% income growth

By Ed Paolo Salting

Nov 15, 2023 12:35 am

REPOWER Energy Development Corp. (REC), a subsidiary of Pure Energy Holdings Corp. (PEHC), saw net income grow by 31.2 percent to P141.60 million in the first nine months of 2023 from P107.70 million a year earlier.

The result was attributed to the strong performance of existing facilities and the start of operations of the 5.8-megawatt (MW) Tibag hydropower plant in June.

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