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PERC signs P826M loan to develop solar project
The Manila Times·2025-11-04 00:21

PETROENERGY Resources Corp., a subsidiary of listed PetroEnergy Resources Corp., said that unit Bugallon Green Energy Corp. had signed an P826-million loan facility with Rizal Commercial Banking Corp. (RCBC) to fund the development of a solar project in Bugallon, Pangasinan. In a statement, the company said proceeds from the omnibus loan and security arrangement would fund the 25.01 megawatt-direct current (MWdc) Bugallon solar power project in Pangasinan.RCBC Executive Vice President Elizabeth Coronel said ...