MANILA - Japanese renewable energy firm Renova Inc. is participating in a hydroelectric power project in the Philippines by concluding loan agreements with the Philippine financial institutions.
The Tokyo-based firm did not disclose the amount being loaned for the 17.4-megawatt power plant on Luzon Island. Renova has established a special-purpose company with local renewable developer Alternergy Renewables Corp. and construction firm Santa Clara International Corp. and is extending civil engineering and financial support for the project.
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