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Deal #10312 Version #92879

Philippines
Created at
2024-05-08
Last update
2024-05-09

Operating Company

Operating company
Actors involved in the negotiation / admission process
  • Development Bank of the Philippines Intermediary
Name of investment project
50-MW Nabas Wind Power Project (NWPP)
Comment on investment chain
Project is operated by PetroWind Enegry Inc (PWEI), which is a joint venture of PetroGreen Energy Corporation (PGEC) (40%), Thailand's BCPG Public Company Ltd. (40%), and EEI Power Corporation (20%). PetroWind Energy Inc. (PWEI) of the Yuchengco family has signed a P1.8 billion loan agreement with the state-run Development Bank of the Philippines (DBP) for the development and construction of its 13.2 megawatt Nabas-2 wind power project. There is pressure to create this project due to the stakes are high for Petrowind, however, because failure to complete the project would result in a penalty, given the Marcos administration’s aggressive push for renewable energy.
Network of parent companies and tertiary investors/lenders
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Legend
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