EDC to secure P11.5B in loans
Lopez-led Energy Development Corp. is seeking P11.5 billion worth of loans from various local banks.
In a disclosure to the stock exchange, EDC said the credit facility would be used to refinance the company?s $80 million club loan, fund a portion of its capital expenditure program, and for other general corporate purposes.
EDC is the Philippines? largest vertically-integrated geothermal developer, delivering 1,457.8MW of clean and renewable energy to the country.