BDO Unibank is putting its weight behind the country’s energy shift, highlighting its role in scaling the Philippines’ natural gas infrastructure through a PHP 50-billion financing package that supported Prime Infra’s acquisition of First Gen Corporation’s gas assets.

“This landmark deal highlights BDO’s commitment to providing strategic financing solutions for critical infrastructure—projects that power national development and shape the Philippines’ evolving energy landscape,” said Ed V. Francisco, President of BDO Capital.

BDO financed 60% of the total loan facility, with BDO Capital & Investment Corporation serving as Mandated Lead Arranger and BDO Trust Investments Group acting as Facility Agent and Collateral Trustee. 

The bank described the transaction as part of its broader strategy to back high-impact and transformational projects that advance energy security and the country’s transition toward cleaner, more reliable power.

“BDO’s role in Prime Infra’s investment supports our broader push to scale the country’s natural gas infrastructure. These investments are essential in strengthening energy security and supporting the Philippines’ transition to a cleaner and more reliable power system,” 

Prime Infra President and CEO Guillaume Lucci said.

The Clean Energy Complex in Batangas, included in the deal, contributes over 2,000 megawatts of capacity, complementing government goals of achieving a 35% renewable energy mix by 2030 and 50% by 2040 under the Philippine Energy Plan 2023–2050.

With major energy deals increasingly backed by local banks like BDO, how can strategic financing shape the Philippines’ energy transition over the next decade? Share your insights.

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