Philippines' Citicore prepares for IPO, to invest $4 billion in renewable energy

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MANILA : Citicore Renewable Energy Corp, one of the Philippines' biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its CEO said on Friday.'For a country such as ours with limited oil and coal but have abundant

MANILA : Citicore Renewable Energy Corp, one of the Philippines' biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its CEO said on Friday.

Citicore will file documents for an initial public offering in the second quarter and complete its listing within the year, Tan said, adding it will be large enough to attract foreign investors for an international tranche.

 

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