ABOITIZ Power Corp. (AboitizPower) on Tuesday said that SN Aboitiz Power Group (SNAP), a joint venture with Norway's Scatec, had secured financing for the expansion of two battery energy storage system (BESS) projects.

The BESS facilities will be co-located with the Magat hydroelectric power plant in Isabela and the Binga hydroelectric plant in Benguet.

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