Alternergy project secures P600-M funding from DBP - BusinessWorld Online

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RENEWABLE ENERGY company Alternergy Holdings Corp. said a mini hydropower project it is co-developing has received approval for P600-million funding support from the Development Bank of the Philippines (DBP). READ:

In a media release on Wednesday, Alternergy said its 4.6-megawatt Dupinga mini hydropower project, has been backed by DBP’s program that aims to help access to electricity services by financing utility-scale power generation projects.dence in our Dupinga Project and our commitment to harnessing renewable energy,” Dupinga Mini Hydro Corp.

“We were one of the few energy projects that commenced construction at the height of the COVID-19 pandemic. The DBP loan will provide strong support to the ongoing construction of the Dupinga Project as we target completion by early 2024,” he added. “DMHC proceeded to conduct extensive technical studies, public consultations, and secured permits,” Alternergy said in the media release.

Alternergy is a renewable energy holding company with a portfolio of project companies engaged in different projects, particularly wind, run-of-river hydro, solar farm and commercial rooftop, battery storage, and offshore wind projects.

 

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