NAC increases investment in renewable energy unit | Lenie Lectura

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Nickel Asia Corp. (NAC) is pouring nearly P3 billion into its renewable energy (RE) subsidiary, Emerging Power Inc. (EPI). Know more:

Nickel Asia Corp. is pouring nearly P3 billion into its renewable energy subsidiary, Emerging Power Inc. .

“EPI shall utilize the additional investment for the following purposes: EPI’s operations; operating expenses of EPI affiliate, Biliran Geothermal Incorporated; operating expenses of EPI subsidiary, Mindoro Geothermal Power Corporation; EPI’s investments in the projects of its other subsidiaries; and EPI’s investments in Greenlight Renewables Holdings, Inc.,” NAC said.Greenlight Renewables Holdings is EPI’s joint venture with Shell Overseas Investments B.V.

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