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Repower Energy Consortium to Acquire Taft Hydroenergy for PHP3.9 Billion

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Repower Energy Development (PSE:REDC) is leading a consortium to acquire 100% of Taft Hydroenergy in a 3.93 billion Philippine pesos deal, which includes a 1.1 billion pesos loan component.

Taft Hydroenergy owns a 15.93-megawatt hydropower facility in the Visayas, Philippines, according to a Monday Philippines Exchange filing.

Repower Energy Development's portion of the acquisition covers 520 million shares worth 1.57 billion pesos, alongside partners Tokai, and South East Energy.

The deal completion is subject to regulatory approvals and closing conditions, it said.

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