Prime Infrastructure Capital Inc. (Prime Infra) is preparing as much as P55 billion in equity on energy, safe water and waste management projects.
Guillaume Lucci, Prime Infra president and chief executive officer, said in a briefing yesterday the company is well-positioned to build projects supporting sustainability goals and viable critical infrastructure.
“We need about, give or take, P50 to P55 billion of equity to support our projects,” Lucci said.
For energy, Prime Infra’s portfolio includes a 45-percent operating stake in the Malampaya deep water gas-to-power project.
Prime Infra is also expanding its energy portfolio by investing heavily in renewables, particularly in solar, hydropower, waste-to-fuel including projects such as a gas-fired power plant in Iraq and its subsidiary, Terra Solar Philippines which is developing a solar facility eyed to be the biggest contracted solar power plant in the world.
“The commitment that was made vis-a-vis Terra Solar being P200 billion. Keep in mind that we fund our projects with project financing at the asset level,” Lucci added.
Prime Infra said it is committed to deliver on time vital water infrastructure particularly the second phase of the Wawa bulk water supply project. Once w completed by 2025, the project will provide at least 518 million liters per day of water to over 500,000 households.
“As you can tell, we never stopped, we are always ahead and always moving and looking at opportunities. We will continue doing that, remaining true to our purpose in the market segments that we serve… Our edge is we are a very disciplined management. We are absolutely relentless and always moving and two steps ahead,” Lucci said. Jed Macapagal
