BDO Unibank Inc. is providing financial support to Cebu-based Kepco SPC Power Corp. (KSPC) to ensure a stable energy supply amid rising power demand in the Visayas region.
KSPC, a subsidiary of South Korea’s Kepco, supplies 17 percent of Cebu’s installed capacity and 20 percent of its power generation, reaching nearby islands such as Bohol, Panay, Negros and Leyte. This has helped fuel regional economic expansion by minimizing power disruptions.
BDO has supported KSPC since 2017 through liquidity management and customized financing, aiding in contract acquisitions and resource procurement. The partnership also helps KSPC enhance profitability through strategic cash management.
“BDO’s responsiveness and client-focused approach have been key to our operational success,” said KSPC president Jeon Yong Su. With P26 billion in cumulative income since 2011, KSPC continues to explore low-carbon initiatives, while BDO remains committed to financing energy projects that drive industrial growth and sustainability. (KOC)