PAGBILAO Energy Corp.’s (PEC) P33.31 billion 15-year project finance facility has earned international recognition after it was named the ‘Best Power Deal’ at the Triple A Asia Infrastructure Awards 2015 given out by Hong Kong-based finance publication The Asset.
PEC said proceeds of the facility are being utilized to finance the construction and development of a third coal-fired unit with a net capacity of 400 megawatts (MW) within the site boundaries of the existing Pagbilao power station (Pag3) located in Pagbilao, Quezon.
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