Dragon Capital Group Ltd. has invested in Emerging
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Posted On: 11/21/2014 10:22:46 AM
Dragon Capital Group Ltd. has invested in Emerging Power Inc. to help fund a 40-megawatt geothermal plant in the Philippines.
The investment was made by the group’s Mekong Brahmaputra Clean Development Fund, according to an e-mail from Gavin Smith, director of clean development at the Ho Chi Minh, Vietnam-based investment firm. He declined to say how much was invested or the size of Dragon Capital’s stake, citing a commercial confidentiality agreement.
Dutch development bank FMO is considering investing, Paul Hartogsveld, a spokesman for the bank, said in an e-mailed response to questions.
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The $185 million project in Naujan, Oriental Mindoro, plans to start drilling next month, the Manila Standard newspaper reported, citing Emerging Power Chairman Martin Antonio Zamora. Smith and Hartogsveld confirmed those details. Zamora couldn’t immediately be reached for comment.
To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net
The investment was made by the group’s Mekong Brahmaputra Clean Development Fund, according to an e-mail from Gavin Smith, director of clean development at the Ho Chi Minh, Vietnam-based investment firm. He declined to say how much was invested or the size of Dragon Capital’s stake, citing a commercial confidentiality agreement.
Dutch development bank FMO is considering investing, Paul Hartogsveld, a spokesman for the bank, said in an e-mailed response to questions.
VIDEO: Soros Invests $500M in Bill Gross’ Janus Fund
The $185 million project in Naujan, Oriental Mindoro, plans to start drilling next month, the Manila Standard newspaper reported, citing Emerging Power Chairman Martin Antonio Zamora. Smith and Hartogsveld confirmed those details. Zamora couldn’t immediately be reached for comment.
To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net
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