Aboitiz power unit prepays $320M loan
Therma Power Inc. has retired ahead of maturity $320 million worth of loans owed to various lenders.
In a stock exchange filing, Aboitiz Power said its wholly-owned unit Therma Power used internally generated cash to prepay debt.wh
Therma Power is the holding company of the Aboitiz Group’s investments in non-renewable energy.
The Aboitiz Group remains committed to securing a balanced energy mix to support the country’s energy security. This is also in line with its target to increase its attributable net sellable capacity to 4,000 MW by 2020.
At present, AboitizPower has investments in various thermal and renewable power generating facilities and maintains a balanced mix of energy sources to provide ample and reliable power at competitive rates.