The Development Bank of the Philippines (DBP) will be providing Ormin Power Inc., a subsidiary of listed company Jolliville Holdings Corp., a P1.1-billion loan to fund its 10-megawatt hydro-power project in Mindoro.

In a disclosure to the Philippine Stock Exchange, Jolliville Holdings Corp. reported that its subsidiary, Ormin Power, has forged and executed a loan agreement with DBP for P1.1 billion.

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