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Renewable energy developer Alternergy Holdings Corporation has secured the first tranche loan funding from Bank of the Philippine Islands and Security Bank Corporation for its Tanay, Rizal wind energy project.In a disclosure to the Philippine Stock Exchange on Thursday, Alternergy said its unit Alternergy Tanay Wind Corporation received P1.5 billion from its lending partners for the 128-megawatt Tanay Wind Power Project.The P1.
"The construction of the Tanay Wind Power Project is on full steam as more capital is infused. Our project financing facility has released the first drawdown following successful completion of the conditions precedent set by the lenders," said Carmen Diaz, Alternergy chief finance officer.Diaz also expressed appreciation to BPI and Security Bank for the timely infusion of the first tranche of loan funding for ATWC's wind energy project.
Alternergy Holdings Corp. Wind Energy
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