Aboitiz Power Corporation (AboitizPower) announced that its wholly-owned subsidiary, Aboitiz Renewables, Inc. (ARI), together with its partners in the Thunder Consortium—Sumitomo Corporation and Electric Power Development Co., Ltd.—has successfully secured bridge loan facilities from BDO Unibank and Metropolitan Bank and Trust Company.
The facilities will allow the Thunder Consortium to draw up to ₱35 billion from each bank, providing partial financing for the acquisition of the Caliraya-Botocan-Kalayaan Hydroelectric Power Plant (CBK HEPP) Complex.
ARI represents AboitizPower’s investments and interests in renewable energy projects across the Philippines, including geothermal, large hydro, run-of-river hydro, wind, battery energy storage systems, and solar initiatives. The acquisition of the CBK HEPP Complex underscores AboitizPower’s commitment to expanding its renewable energy portfolio and advancing the country’s energy transition.
“This milestone demonstrates our strong partnership with leading global and local institutions and reinforces our dedication to delivering sustainable energy solutions for the Philippines,” said Ranulfo J. Javelosa III, Corporate Secretary of Aboitiz Power Corporation.
The transaction reflects AboitizPower’s strategic focus on renewable energy growth, aligning with its long-term vision of achieving a balanced and sustainable energy mix for the nation.
