ALTERNERGY Holdings Corp. said Tuesday that it would continue lining up capital-raising initiatives for the completion of its renewable energy (RE) projects.
ALTERNERGY Holdings Corp. said Tuesday that it would continue lining up capital-raising initiatives for the completion of its renewable energy projects.The company's chief financial officer, Carmen Diaz, told a briefing on Monday that several such activities were scheduled for this month.
Alternergy President Gerry Magbanua said that roughly P10 billion will be used for the Tanay project, around P7 billion for the Alabat project, and some P1.3 billion for the Solana project, with the remainder to be used 'to keep building our pipeline.'Apart from the P1.62 billion raised from its IPO, Alternergy has also generated P1.45 billion from a preferred share issuance.
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