Citicore secures funding from RCBC

By Ed Paolo Salting

Apr 16, 2024 12:23 am

CITICORE Renewable Energy Corp. (CREC) has secured a P9-billion loan — part of planned borrowings of up to P20-billion — from Rizal Commercial Banking Corp. (RCBC) for the construction of multiple solar power plants.

'RCBC's support will assist us to fulfill our 1GW (gigawatt) target for this year. We thank RCBC for their trust in us and we will endeavor to meet our goals with excellence,' CREC President and CEO Oliver Tan said.

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