Deal #10312
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
Please click the nodes to get more details.
Legend
- Is operating company of
- Is parent company of
- Is tertiary investor/lender of