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Hydro plant in Samar to start commercial operations

A 16-megawatt hydropower facility sited in Eastern Samar is ready to kick-off its commercial operations, according to project sponsor Taft Hydro Energy Corp. (THEC), one of the flourishing renewable energy companies in the country. With the facility now adding capacity to the grid, THEC indicated t

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DBP funds P2-B green energy projects

contact-us-1 The Development Bank of the Philippines (DBP) has extended P2.1-billion loans to two hydro-energy projects that will augment power supply for the Luzon and Visayas Grids. DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan under the Financing Utilities for S

Mindoro orientalTubig riverEastern samarPhilippines generalNueva vizcayaMatuno riverThe philippinesEmmanuelg herbosaMatuno river development corporationFinancing utilities for sustainable energy developmentMagis energy holdings corporationTaft hydroenergy corporationNational grid corporation of the philippinesDevelopment bankChief executive officer emmanuelFinancing utilities

DBP backs green energy projects

MANILA - State-owned Development Bank of the Philippines (DBP) has provided PHP2.1-billion in funding support for two hydro-energy projects that aim to augment power supply for the Luzon and Visayas grids, a top official said. In a statement Thursday, DBP president and chief executive officer Emmanuel Herbosa said the loans to Matuno River Development Corporation (MRDC) and Taft Hydroenergy Corporation (THEC), both majority-owned by Magis Energy Holdings Corporation (MEHC), were extended under the Financing Utilities for Sustainable Energy Development (FUSED). "With these projects, we hope to accelerate the use of renewable power resources and increase the country's green energy mix,'' Herbosa said. "Green financing can ensure that sustainable socio-economic development can be achieved while protecting the environment." DBP is the fifth-largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy infras

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THEC s hydropower plant in Eastern Samar to be operational by yearend

Taft Hydro Energy Corporation’s (THEC) 16-megawatt (MW) hydropower plant in Eastern Samar is expected to be up and running by the end of the year.

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RE firm to start up turbines at 16MW hydropower plant in Samar

RE firm to start up turbines at 16MW hydropower plant in Samar
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