P4 billion loan from BDO for Iloilo coal plant

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BDO Unibank is lending P4 billion for the facilities required in putting up the coal plant in Iloilo; Palm Conception Power Corp has signed an agreement.

Also with the P6 billion loaned from Asia United Bank and China Bank, PCPC is on in building a 135-megawatt coal-fired power plant which cost about P12.5 billion.

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