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DBP bats for changes to its charter amidst expanded role in economic recovery
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DBP bats for charter change, capital hike to P100 billion – Manila Bulletin
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DBP backs legislation amending bank charter
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Present during the signing of the loan agreement were (from left) AWC Chief Financial Officer Kimberley C. Mira; AWC Director Efrain Pedregosa; AWC Executive Vice President Elizabeth Frances B. Abejo; AWC Chief Executive Officer/ President Gabino M. Abejo, Jr.; DBP President and Chief Executive Officer Emmanuel G. Herbosa; and DBP Senior Vice President Sisinio S. Narisma. (Contributed photo)
CALOOCAN CITY, Feb. 18 (PIA) State-owned Development Bank of the Philippines (DBP) has granted a P1.097-billion term loan to a major water concessionaire to finance its various water system projects in key growth areas.
DBP President and Chief Executive Officer Emmanuel G. Herbosa said the bank’s credit assistance to Abejo Waters Corporation (AWC) would be used to develop water supply and distribution systems in underserved areas in the provinces of Cebu and Quezon, both provinces located south of Manila.
Angelica Y. Yang
THE target commercial operations of the 1,336-megawatt (MW) supercritical coal-fired power plant of GNPower Dinginin Ltd. Co. have been pushed back due to construction delays caused by travel restrictions, the top official of Aboitiz Power Corp. said.
âThe earliest plausible commercial operations dates for Units 1 and 2 are expected to be on June 26, 2021 and November 26, 2021, respectively, only if plans happen right on schedule, with no allowance for construction delays,â AboitizPower President and Chief Executive Officer Emmanuel V. Rubio told
BusinessWorld in an e-mailed response on Monday.
GNPower Dinginin in Mariveles, Bataan is a joint venture of AC Energy, Inc., Aboitiz Power Corp. subsidiary Therma Power, Inc. and Power Partners Ltd. Co. The plantâs two units have an identical capacity of 668 MW each.