First Toledo Solar Energy Corp. (FTSEC) #45809
Created at
2024-08-01
Last update
2024-09-13
2 Parents (Involvements as child)
ID
Name
Development Bank of the Philippines
Country of registration/origin
Philippines
Classification
State-/government (owned) company
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
4 375 000 000
₱
Loan date
2016-10-11
Comment
The Development Bank of the Philippines (DBP) has granted a P4.375 billion loan to partially finance the 60-megawatt (MW) solar power plant construction in Toledo City, Cebu.
ID
Name
Citicore Power Inc. (CPI)
Country of registration/origin
Philippines
Classification
Stock-exchange listed company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
FTSEC is a subsidiary of Citicore Power Inc, a sister company of Megawide Construction Corporation.
0 Children (Involvements as parent)
1 Deals (Involvements as Operating company)
ID
Target country
Philippines
Current intention of investment
Food crops Solar park
Current negotiation status
Concluded (Contract signed)
Current implementation status
In operation (production)
Deal size
73 ha