AES Philippines, a subsidiary of American energy giant AES Corp. is raising $700 million for the development of its 300 megawatt (MW) coal-fired power plant in Masinloc, Zambales.

In raising the amount, Neeraj Bhat, AES market business leader for the Philippines, said 70 percent will come from debt and the remaining 30 percent will come from equity.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details