Photo shows Federico R. Lopez (3rd from right), EDC and EBWPC chairman and CEO, being congratulated by Energy Sec. Carlos Jericho Petilla (4th from left). Also in photo are (l-r) EDC director and EVP Ernesto Pantangco; Energy Asec. Jose Raymund Acol; EDC SVP and CFO Nestor Vasay; EDC director Jonathan Russell; and EDC president and COO Ricky TantocoA ceremonial loan signing and cocktail reception was held in Taguig City for the $315-million loan agreement between EDC Burgos Wind Power Corp. (EBWPC) and a syndicate of foreign and local banks. The loan facility is for the construction of EBWPC’s 150-megawatt Burgos Wind Project, the country’s largest wind farm located in Ilocos Norte. EBWPC, an affiliate of Energy Development Corp. (EDC), earlier reached financial close for the 15-year term financing with the group of foreign and local banks led by Eksport Kredit Fonden, Denmark’s export credit agency, which guaranteed $150M of the dollar loan component. Photo shows Federico R. Lopez (3rd from right), EDC and EBWPC chairman and CEO, being congratulated by Energy Sec. Carlos Jericho Petilla (4th from left). Also in photo are (l-r) EDC director and EVP Ernesto Pantangco; Energy Asec. Jose Raymund Acol; EDC SVP and CFO Nestor Vasay; EDC director Jonathan Russell; and EDC president and COO Ricky Tantoco (Story/photos by Joel Gaborni)