ACEN makes available $25 million facility for micro grids

10 Nov 2023
MANILA, Philippines — ACEN Corp., through subsidiary ACEN Renewables International Pte. Ltd. (ACRI), has made available a $25 million facility to fund micro grid projects for telecommunications towers.
ACEN, in a stock exchange filing, said its executive committee authorized the company and ACRI to enter into an agreement with Yoma Strategic Holdings and its wholly owned subsidiary, Yoma Strategic Investments Ltd. (YSIL), to restructure the latter’s outstanding loan with ACRI.
Under the restructure agreement, ACEN said YSIL would purchase the loan from ACRI, payable within a 10-year period, with a Yoma parent guarantee.

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