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DBP lends P1 4B for 8 4-MW Mindanao hydropower plant

DEVELOPMENT Bank of the Philippines (DBP) has extended a P1.4-billion loan to a top renewable energy firm as partial funding to construct a 8.4-megawatt (MW) hydroelectric power plant in Bukidnon in line with the national government s efforts to expand new and sustainable energy sources, a top official said.

DBP backs housing sector with P900M loan to Cebu developer

STATE-OWNED Development Bank of the Philippines (DBP) has granted P900 million funding support to Johndorf Ventures Corp. (JVC), a Cebu-based real estate developer, in an effort to boost the construction of public housing and address the country s widening housing backlog.

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