Ashmore Investment Management Ltd, a UK based fund management group that was party to the acquisition of Petron by San Miguel, has announced that it is interested in investing in Renewable Energy projects in the Philippines.
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The Asian Development Bank has said that they are providing $200,000 to fund the feasibility study of Energy Logic’s wind farm project in Pasuquin East, Ilocos Norte. The feasibility study will cover wind farm layout based on 120 MW installed capacity, construction phases, site boundaries and other parameters.

Also included are:
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Development Bank of the Philippines announced their Php 1 Billion “Cleaner Public Transport Financing program”. This program extends credit to credible financial institutions at 8% interest/year which in turn they can use to finance lending programs to transport groups seeking to comply with the Clean Air Act of the Philippines RA 8749. Up to 90% of the total project cost can be covered by the loan.

Financial Institutions which can apply for access to these funds for re-lending are:
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