Prime Infrastructure secures P273.5 billion financing for hydro projectsMANILA, Philippines — Razon-led Prime Infrastructure Capital Inc. has secured P273.47 billion in financing deals from local and foreign lenders to fund the construction of two huge hydropower projects in Laguna and Rizal. The local financing deal will be classified as a green loan with the assistance of MUFG Bank Ltd. Last week, Prime Infra signed a definitive agreement with Lopez-led First Gen Corp. for the latter’s planned investment in the two PSH projects. First Gen subsidiary FGEN Aqua Power Holdings Inc. intends to acquire a 33-percent interest in Prime Infra unit Prime Hydropower Energy Inc., the company leading the development of the hydro projects. First Gen and Prime Infra expect to complete the deal, announced last month, later this year.

Source: Philippine Star March 12, 2026 16:47 UTC