MANILA, Philippines: Basic Energy Corp. (BEC) plans to pursue a 50-megawatt (MW) wind farm in Batangas as part of expanding its revenue-generating streams. In a disclosure to the Philippine Stock Exchange yesterday, BEC said the board of its wholly owned subsidiary Mabini Energy Corp. (MEC) approved the principal terms of the pro-forma Wind Energy Service […]
AC Energy acquires 50% of Pampanga solar farm
MANILA, Philippines: The AC Energy group has acquired a 50 percent stake in a 50-megawatt (MW) solar farm in Pampanga being developed by Citicore Solar Energy Corp. (CSEC) In a disclosure to the Philippine Stock Exchange yesterday, AC Energy Corp. (ACEN) said the company and its subsidiary ACE Endevor Inc. signed a shareholders’ agreement […]
ADB gives $ 346 mn loan for power sector in rural Maharashtra
The loan will support the state government’s high voltage distribution system (HVDS) program for new grid-connected rural agricultural customers across the state, said the Manila-headquartered multi-lateral funding agency New Delhi: The Asian Development Bank (ADB) on Wednesday said it has approved a USD 346 million (around Rs 2,616 crore) loan to Indian government to provide […]
