ACEN grants loan guarantee to subsidiary

Quick Summary:

ACEN Corp.has signed a P1.92-billion loan agreement with its subsidiary Santa Cruz Solar Energy Inc.to fund the latter’s capital expenditure (capex) for its solar power project in Zambales.

The company’s net income at end-March rose by 34 percent year-on-year to P2.7 billion.

She was also recognized for having the best feature story, which tackled the transportation issues.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Agreement Phase Acen Marcelino Project Power Corp Solar Capacity Energy Loan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 16:05:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21774468

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 75 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 16 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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