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Business > Corporate News
Solar PH venture secures $14-M loan
By Ed Paolo Salting
Apr 08, 2024 12:27 am

SOLAR Philippines Power Project Holdings Inc. (Solar Philippines), the parent company of listed SP New Energy Corp., recently secured a $14-million loan for the construction of a solar farm in East Bali, Indonesia.

The company said over the weekend that through its joint venture with MedcoEnergi (Medco), PT Medcosolar Bali Timur, it signed a loan agreement with Bank Negara Indonesia (BNI) to fund the construction of a 25-megawatt (MW) solar farm in Kubu District, Karangasem Regency, East Bali.

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