The state-run insurance body infused P2.2 billion investment for energy reinvestments.
Government Service Insurance System (GSIS) has invested P2.2 billion investment for the early retirement of the 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal plant via energy transition mechanism (ETM).
Of the total financing package received via ETM, Ayala announced that it received P7.2 billion from the transaction for reinvestment in the company’s renewable energy projects. The rest of the proceeds was used for refinancing debt and transaction fees.
