On August 3, JBIC banking and financing of the Philippines ' largest bank BDO signed a $ 50 million financial framework agreement. By BDO, in environment-related business based on renewable energy financing. Terms are for three years.
The US $ 50 million, borne half by the JBIC, and the other half by Japan's big banks and local banks, BDO coordination, and financing. BDO said that will take in the future in the Philippines is committed to the pursuit and a list of environment-related business enterprises, and access to JBIC financing on the basis of the recognition. Preliminary estimate setting the photovoltaic and geothermal power plants, expansion of building energy-saving, such as business objects.
JBIC is to support environmental preservation business, in projects such as sharp reductions in greenhouse gas emissions, through financing and investment support. Infrastructure ? Environmental Finance Department Manager neitengyingxiong said, "the Philippines ' economic growth significantly, electricity demand is expected to increase in the future. "GREEN organizations financing need is very high.
The object of financing is not limited to Japanese enterprises. ? Part II of the new energy unit of electricity long Nagano said "local company Needless to say, in the field of renewable energy technology-leading Japanese enterprises to become the object of financing possibility is also very high. ”
---ZMS Cable
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