Meralco units secure loans for solar projects

By Ed Paolo Salting

May 25, 2024 12:24 am

MANILA Electric Co. (Meralco) said Friday that the business units of its subsidiary, MGen Renewable Energy Inc. (MGreen), had secured around P2.8 billion in loan facilities from Security Bank Corp. to fund solar power projects.

Greenergy for Global Inc. (GGI) secured a P2.034-billion, 15-year project financing facility to fund the ongoing construction of a 49-megawatt-alternating current (MWac) project in Cordon, Isabela.

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