In the above news article, it was reported that:
“ALTERNERGY Holdings Corp. (ALTER) has injected capital amounting to P2.9 billion as of September to finance the ongoing construction of its two wind power projects and a solar power project.
Broken down, a total of P1.5 billion has been infused into Alternergy Tanay Wind Corp. for the 128-megawatt (MW) Tanay Wind Power Project in Rizal province and P1.1 billion into Alabat Wind Power Corp. for the 64-MW Alabat Wind Power Project in Quezon province, the company said in a statement on Monday.
For the 28-megawatt-peak Hermosa Solar Power Project in Bataan, a total of P342 million has been infused into Solana Solar Alpha, Inc.
. . . .”
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Please be advised that in various disclosures pertaining to Disbursements of Proceeds and Progress Reports beginning on October 16, 2023, January 31, 2024, April 16, 2024, and, finally, on July 16, 2024, and in a Press Release disclosure dated June 03, 2024, the allocation of initial public offering proceeds and the Green Corporate Loan from BDO Unibank Inc. particularly towards the development of the Tanay Wind Power Project in Rizal, the Alabat Wind Power Project in Quezon, and the Solana Solar Power Project in Bataan were already previously reported to the Exchange. As such, we confirm the information in the above-quoted news article to be correct in terms of the equity already infused to the said Projects as of September 30, 2024. |