DBP feted by international body for renewable energy facility
by The Manila Times
Jul 21, 2024 12:05 am
STATE-OWNED Development Bank of the Philippines (DBP) has been recognized by an international body of development financing institutions for its pioneering financing facility that focuses on the development and growth of the renewable energy sector, a top official said.
DBP President and CEO Michael de Jesus said that the Association of Development Financing Institutions in Asia and the Pacific (Adfiap) conferred on DBP the award of merit for the Bank's Solar Merchant Power Plant (SMPP) Financing Program, which supports utility-scale solar power developers and bolsters overall investment in renewable energy projects.
Development Bank of the Philippines (DBP) Senior Vice President Carolyn Olfindo (third from left) and DBP Vice President Raquel Atienza (rightmost) receive the Association of Development Financing Institutions in Asia and the Pacific (Adfiap) Merit Award for Infrastructure Development from Adfiap Second Vice Chairman Kao Thach (leftmost) and Chairman Saud Minam (second from left) during the Adfiap Sustainable Awards in Phnom Penh, Cambodia. CONTRIBUTED PHOTO
Already have an active account? Log in here to continue
reading.
Or Subscribe
to the Premium
Subscription plan to access this subscriber-exclusive article.