The Visayas, a thriving hub of economic activity and business growth, faces an increasing demand for dependable and sustainable power. Recognizing this, BDO Unibank Inc. (BDO) has provided financial support to Cebu-based KEPCO SPC Power Corporation (KSPC), helping meet the region’s growing energy needs for both businesses and households.
Through customized financial tools and support for liquidity, BDO has enabled KSPC to secure power supply agreements, source critical inputs, and ensure efficient plant operations. Additionally, BDO’s guidance has optimized KSPC’s cash and asset management, with both parties viewing their financial partnership as a long-term collaboration essential for seamless operations.
“When KSPC was securing multiple power sales contracts last year, BDO demonstrated a proactive and client-oriented approach by facilitating the issuance of our credit line and SBLCs (Standby Letter of Credit). Their responsiveness and commitment to our financial needs helped us solve our issues,” said Mr. Jeon Yong Su, President of KSPC.
“Energy security is a cornerstone of progress. At BDO, we are committed to financing significant projects that power industries, uplift communities and boost economic progress,” added Charles M. Rodriguez, BDO’s Executive Vice President and Head of Institutional Banking Group.
KSPC, a subsidiary of Korea Electric Power Corporation (KEPCO), South Korea’s largest electrical utility, has played a key role in providing stable electricity throughout Visayas for years now. The company contributes 17% of Cebu Island’s installed capacity and generates 20% of its electricity. Its services also extends to the surrounding islands of Bohol, Panay, Negros, and Leyte.
KSPC runs the Naga Power Plant Complex in Naga City, Cebu, which has been operating since 2011. Over 14 years, the company earned Php 26B net income with a steady 24.96% profit margin.
BDO, KSPC’s banking partner for 17 years, ensures the company’s efficient financial transactions, enabling uninterrupted plant operations.
A resilient energy sector is critical to sustaining economic and industrial expansion. BDO remains committed to enabling sustainable growth by empowering enterprises and opening up investment opportunities.
What should KSPC’s next goal be now that they have secured such strong support from BDO? Share your thoughts below! Follow Power Philippines on Facebook and LinkedIn for more updates.
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