Philippines' Citicore prepares for IPO, to invest US$4bil in renewable energy


MANILA, Feb 10 (Reuters): Citicore Renewable Energy Corp, one of the Philippines' biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its CEO said on Friday.

"For a country such as ours with limited oil and coal but have abundant sun, wind and water, it is imperative we deploy capital investment into renewable energy," Citicore President and CEO Oliver Tan told reporters.

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Philippines , Citicore , IPO

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