ALTERNERGY Holdings Corp. plans to allocate P15 billion to fund the capital requirements for its projects, which have a combined capacity of at least 190 megawatts (MW).
“In terms of amount, 191 MW would probably require around P15 billion of capex (capital expenditure),” Alternergy President Gerry P. Magbanua said during a press briefing on Thursday.
Around 75% of the capital requirements will be sourced from debt, while 25% will come from equity. The funding will be used to cover the additional capacity for two projects in the predevelopment stage and one project scheduled for completion by 2026.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
