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geothermal

ANZ Philippines signs geothermal giant for $175m

An expansion bid into the Philippines appears to be paying off for ANZ.

Energy Development Corp, the Philippines’ largest producer of geothermal energy, has signed a $US175 million loan facility with the Australia and New Zealand Banking Group (ANZ).

In a statement today, EDC said that the three-year loan was for corporate funding purposes, including the repayment of maturing loans.

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