THE 150-megawatt (MW) Burgos wind project of Lopez-led Energy Development Corp. (EDC) in Ilocos Norte is expected to top company revenues next year by 10 percent over 2013 figures, EDC President and Chief Operating Officer Richard Tantoco said.
The company has secured a $315-million financing deal with a group of foreign and local banks for the construction of the wind project, Tantoco said at the signing of a financial agreement with local and foreign lenders on Thursday night.
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