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ACEN Corp. has availed of credit facilities from two different entities for P7.8 billion
In a disclosure to the Philippine Stock Exchange, ACEN said it tapped China Banking Corp. for up to P5 billion and Mitsubishi UFJ Financial Group for up to $50 million (P2.8 billion).
No details were disclosed but Maria Corazon Dizon, ACEN chief finance officer and treasurer compliance officer, was earlier quoted as saying the company is eyeing to tap up to P30 billion in borrowings this year to help fund the capital expenditure for the period which may hit between P50 billion to P70 billion.
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The company continues its push for expanding its portfolio of renewable energy projects abroad.
