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Siguil Hydro power project

Sector: Hydro • Location: Philippines

Source: World Bank Group

Project
Active

The project entails the construction of a 14.5MW hydro power plant situated on Siguil River basin in Philippines. The plant is located in Maasim, Sarangani Province and is expected to begin commercial operations in the second quarter of 2023. Once operational, the plant will be a source of renewable power to the provinces of Sarangani and South Cotabato, General Santos City. Sponsor of the project

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The project “Siguil Hydro power project” is an infrastructure initiative in the Hydro sector, located in Philippines. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction of a 14.5MW hydro power plant situated on Siguil River basin in Philippines. The plant is located in Maasim, Sarangani Province and is expected to begin commercial operations in the second quarter of 2023. Once operational, the plant will be a source of renewable power to the provinces of Sarangani and South Cotabato, General Santos City. Sponsor of the project is Alsons Power Group. The total investment stands at PHP4.5 billion ($84.82 million) and it will be financed with a debt-to-equity ratio of 73:27. Development Bank of the Philippines (DBP) have signed a PHP3.3 billion ($62.2 million) omnibus loan and security agreement (OLSA) with the sponsor. Financial close took place on June 11, 2022. https://businessmirror.com.ph/2020/01/20/alsons-power-starts-work-on-its-1st-re-project-in-sarangani/ Realfin https://alsonspower.com/alsons-and-dbp-sign-loan-agreement-for-siguil-hydro-power-plant-in-sarangani%ef%bf%bc/ https://www.philstar.com/business/2022/06/11/2187499/alsons-secures-p33-billion-dbp-loan

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