On April 26, 2007, SNAP-Magat, a joint mission between SN Power of Norway and AboitizPower, took over Magat hydroelectric energy plant following a a hit bid and privatization method.
Magat hydro draws water from the Magat Dam, which has the primary motive of irrigating approximately 85,000 hectares of agricultural lands in Cagayan Valley.
SNAP-Magat has a reliable potential of 380 megawatts and is targeting the completion of an 8.5 MW run-of-river hydropower plant alongside the Maris Canal in Brgy. Ambatali, Ramon later this yr.
SNAP President and Chief Executive Officer Joseph S. Yu said, “We selected our theme ‘Power to Sustain’ to re-commit ourselves to contributing to the sustainability now not handiest of our business, however additionally of the environment, host groups, and companions.”
SNAP-Magat owns and operates the Magat hydroelectric energy plant, which has a nameplate potential of 360 MW, placed on the border of Ramon, Isabela and Alfonso Lista, Ifugao. PHILIPPINES-based totally lending startup First Circle has secured $1.Three million in clean undertaking capital investment, boosting the company’s general seed investment to $2.Five million, the employer said in a assertion recently.
Founded in 2015, First Circle aims to provide quick-term operating capital to small and medium companies within the Philippines.
The modern day round of funding follows an initial round in October last 12 months that raised $1.2 million, generally from London-primarily based project capital firm Key Capital.
WATCH : MMDA road emergency group tries to lift a cargo at Anda Circle00:51WATCH : MMDA Road Emergency Group Tries To Lift A Cargo At Anda CircleIMF leader “confident” that China’s financial system “remains resilient”01:28IMF Chief “Confident” That China’s Economy “Remains Resilient”SEAG 2019 Security01:09SEAG 2019 SecurityNCRPO to donate P3M to Taal Volcano victims00:51NCRPO To Donate P3M To Taal Volcano VictimsNCRPO prepared for Translacion 202001:34NCRPO Ready For Translacion 2020Aid Efforts Boosted02:26Aid Efforts BoostedTrending Articles00:50Trending ArticlesEspenido apologizes for comments on drug list01:46Espenido Apologizes For Remarks On Drug ListSangley Airport visible to ease traffic congestion at NAIA05:35Sangley Airport Seen To Ease Traffic Congestion At NAIAFestival on movie docus at UP03:04Festival On Film Docus At UP
The current fundraising, which turned into finished about weeks in the past, was led via international challenge capital corporations Accion Venture Lab and DeepBlue VC. First Circle’s present investors Key Capital, 500 Startups, and IMJ Investment Partners additionally contributed to the today's fundraising spherical, along side “an undisclosed sum of debt investment,” in keeping with a file through task capital monitor DealStreetAsia.
Magat hydro draws water from the Magat Dam, which has the primary motive of irrigating approximately 85,000 hectares of agricultural lands in Cagayan Valley.
SNAP-Magat has a reliable potential of 380 megawatts and is targeting the completion of an 8.5 MW run-of-river hydropower plant alongside the Maris Canal in Brgy. Ambatali, Ramon later this yr.
SNAP President and Chief Executive Officer Joseph S. Yu said, “We selected our theme ‘Power to Sustain’ to re-commit ourselves to contributing to the sustainability now not handiest of our business, however additionally of the environment, host groups, and companions.”
SNAP-Magat owns and operates the Magat hydroelectric energy plant, which has a nameplate potential of 360 MW, placed on the border of Ramon, Isabela and Alfonso Lista, Ifugao. PHILIPPINES-based totally lending startup First Circle has secured $1.Three million in clean undertaking capital investment, boosting the company’s general seed investment to $2.Five million, the employer said in a assertion recently.
Founded in 2015, First Circle aims to provide quick-term operating capital to small and medium companies within the Philippines.
The modern day round of funding follows an initial round in October last 12 months that raised $1.2 million, generally from London-primarily based project capital firm Key Capital.
WATCH : MMDA road emergency group tries to lift a cargo at Anda Circle00:51WATCH : MMDA Road Emergency Group Tries To Lift A Cargo At Anda CircleIMF leader “confident” that China’s financial system “remains resilient”01:28IMF Chief “Confident” That China’s Economy “Remains Resilient”SEAG 2019 Security01:09SEAG 2019 SecurityNCRPO to donate P3M to Taal Volcano victims00:51NCRPO To Donate P3M To Taal Volcano VictimsNCRPO prepared for Translacion 202001:34NCRPO Ready For Translacion 2020Aid Efforts Boosted02:26Aid Efforts BoostedTrending Articles00:50Trending ArticlesEspenido apologizes for comments on drug list01:46Espenido Apologizes For Remarks On Drug ListSangley Airport visible to ease traffic congestion at NAIA05:35Sangley Airport Seen To Ease Traffic Congestion At NAIAFestival on movie docus at UP03:04Festival On Film Docus At UP
The current fundraising, which turned into finished about weeks in the past, was led via international challenge capital corporations Accion Venture Lab and DeepBlue VC. First Circle’s present investors Key Capital, 500 Startups, and IMJ Investment Partners additionally contributed to the today's fundraising spherical, along side “an undisclosed sum of debt investment,” in keeping with a file through task capital monitor DealStreetAsia.
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