BDO commits P75 billion to Razon’s Prime InfrastructureThe Philippines’ largest bank said the financing would help fund the 600-megawatt Wawa pumped-storage facility in Rizal and the 1,400-MW Pakil pumped-storage facility in Laguna, which together will provide 2,000 MW of flexible long-duration energy storage. MANILA, Philippines — Sy-led BDO Unibank Inc. has committed P75 billion to support the development of two large pumped-storage hydroelectric power projects of Prime Infrastructure Capital Inc., a move seen to strengthen energy storage capacity and support the country’s renewable energy transition. The Pakil project is poised to become one of the largest pumped-storage power plants in Asia. The listed bank is financing P20 billion of Olympia Violago Water & Power Inc.’s P64-billion loan facility and P55 billion of Ahunan Power Inc.’s P151-billion loan facility, both with 15-year terms. Prime Infra president and CEO Guillaume Lucci said long-term financing partnerships are critical for complex infrastructure projects like pumped-storage facilities.

Source: Philippine Star March 14, 2026 16:45 UTC