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Institutional Banking Head Juan Carlos Syquia News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BDO, BPI lends ₧20Bfor Casecnan project

FIRST Gen Corp. (PSE: FGen) announced having acquired a P20-billion loan from local banks to finance its recently-acquired 165 megawatt (MW) Casecnan Hydroelectric Power Plant (CHEPP). The Lopez-led power firm signed term-loan agreements with BDO Unibank Inc. and Bank of the Philippine Islands (BPI). FGen “intends to use the proceeds…

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