$200M Philippine Coal Plant Gets Financing After Gov't Nod

Law360, New York (February 13, 2012, 2:03 PM EST) -- Real estate development company A Brown Co. has secured financing for a proposed $200 million coal-fired power plant after the Philippine Department of Energy reclassified the project as “committed,” according to documents filed Monday with the Philippine Stock Exchange Inc.

In earning the new classification, A Brown said its subsidiary Palm Concepcion Power Corp. was able to arrange debt financing from BDO Capital & Investment Corp., paving the way for its 200-megawatt project in the region of Visayas.

BDO Capital had told the company last month...
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