Repower acquires 95% stake in Bukidnon hydropower project - BusinessWorld Online

Repower acquires 95% stake in Bukidnon hydropower project - BusinessWorld Online

RENEWABLE ENERGY developer Repower Energy Development Corp. is expanding its hydropower portfolio with the acquisition of a P6.3-billion facility in Maramag, Bukidnon. In a disclosure on Wednesday, the company said it is acquiring a 95% stake in Maramag Hydropower Corp., the developer of the 25-megawatt (MW) Pulangi IV project. Repower President Eric Y. Roxas said the acquisition marks the company’s second investment in the area, which will agai…