Singapore-based Cofely GDF Suez is set to sign a loan agreement with the Asian Development Bank next week involving $20-million funding, of which $5 million will be used for the company’s investment in the Philippines.
Cofely, an international provider of energy, technical and total facilities services, was also the one that provided First Sumiden Circuits Inc., an electronic firm operating in the Philippines, its chiller system, which helped reduce the firm’s power cost.
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