Nickel Asia Corporation (NAC), one of the country’s biggest mining firms, has approved an additional equity contribution of P660 million to its 66 percent-owned renewable energy (RE) subsidiary, Emerging Power, Inc. (EPI), as well as a P1.5 billion three-year term loan to be provided by NAC.
In a disclosure on Philippine Stock Exchange (PSE), NAC Board of Directors approved additional equity contribution together with bank financing at the project company level, to complete EPI projects with a total capacity 105 megawatts lined up for 2016.
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