EWC seeks $75m to complete Pagbilao CCGT power plant

In:

Traditional energy

Region:

Asia-Pacific

Energy World Corp. Ltd. (EWC) has revived talks with lenders to update its 3 year old loan agreement to complete construction of a 650MW combined cycle gas-fired power plant in Pagbilao, Quezon province, the Philippines. The project's first turbine is only six to eight months away from commercial operation.

The Development Bank of the Philippines (DBP) is the arranger for the financing that includes $75 million of additional funding for the recently certified energy project of national significance.

EWC is planning a neighbouring 3MTPA capacity LNG facility and will source gas for the power plant from the spot market ahead of the completion of the LNG hub.

View source

The next frontier for onshore wind in the Balkans

Perspective

14 September 2026

The next frontier for onshore wind in the Balkans

DFIs have been crucial in closing onshore wind financings in the Western Balkans, though structures are evolving to make deals bankable on a purely commercial basis. But the...

Public or private lending for Canada's investment agenda?

Perspective

17 September 2026

Public or private lending for Canada's investment agenda?

Canada wants to take bold action to increase domestic infrastructure investment. With Canada’s banks more interested in the US market, will the CIB need to do the heavy...

Must See

Mitrelli: Making African Infrastructure Bankable and Financeable

Video

31 August 2026

Mitrelli: Making African Infrastructure Bankable and Financeable

In this episode of Uxolo: In-Depth With, Jessica Brown speaks with Yoav Brick of Mitrelli, recorded live in Prague, about the challenges of financing infrastructure across Africa and how governments, EPC contractors, DFIs, ECAs and private investors can work together to bring projects to financial close.

Perspective

14 September 2026

The next frontier for onshore wind in the Balkans

DFIs have been crucial in closing onshore wind financings in the Western Balkans, though structures are evolving to make deals bankable on a purely commercial basis. But the market is still very lopsided, with only Serbia emerging as a reliable host.

Perspective

17 September 2026

Public or private lending for Canada's investment agenda?

Canada wants to take bold action to increase domestic infrastructure investment. With Canada’s banks more interested in the US market, will the CIB need to do the heavy lifting?