“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.” ~Mr. Jeon, Yong Su, President of KSPC
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| Delivering Dependable Power Supply in the Visayas. KEPCO SPC Power Corporation provides uninterrupted electricity to sustain commercial and industrial activities in the region. |
As the Visayas region's economy thrives and businesses expand quickly, electricity consumption rises, increasing the need for a reliable and sustainable energy source. Understanding how important dependable energy infrastructure is to promoting economic development, BDO Unibank Inc. (BDO) finances KEPCO SPC Power Corporation (KSPC), a Cebu-based company that benefits businesses, households, and communities.
The largest electric company in South Korea and a subsidiary of Korea Electric Power Corporation (KEPCO), KSPC, has actively supported the social and economic development of the Visayas region by contributing to a steady power supply throughout the region. 20% of Cebu Island's power generation and 17% of its installed capacity have come from the firm. Its coverage includes nearby islands like Bohol, Panay, Negros, and Leyte, enabling local towns and companies to thrive and expand their operations without being hampered by power outages or shortages.
KSPC and BDO have had a solid and long-lasting partnership since 2017. The Bank provided KSPC with customized financial instruments to meet its project requirements and helped with liquidity management. Through this collaboration, KSPC was able to acquire necessary resources and land power sales contracts, guaranteeing efficient plant operations. Furthermore, KSPC has improved cash asset management to boost profitability, which is a crucial component that gains from strategic bank cooperation. In order to guarantee seamless business operations, the organization sees its banking ties as essential, long-term alliances that need to be fostered and consistently reinforced.
“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.” ~Mr. Charles M. Rodriguez, BDO’s Executive Vice President and Head of Institutional Banking Group
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| Delivering Dependable Power Supply in the Visayas. KEPCO SPC Power Corporation provides uninterrupted electricity to sustain commercial and industrial activities in the region. |
In order to meet the nation's expanding energy needs, KSPC joined the Philippine power market in 2005 as a joint venture. Since the power plant's construction started in 2007 and was finished in 2011, the corporation has generated PHP26 billion in net income over 14 years, with a net profit margin of 24.96%.
BDO has played a crucial role in KSPC's development by making sure that its financial operations run smoothly and that its power plant is effectively managed to provide continuous electricity. To aid in the nation's shift to a low-carbon economy, KSPC is aggressively looking at ways to get involved in the carbon credit market and implementing new technology in the power industry.
Maintaining industrial development and company expansion need a robust power sector. By enabling companies and opening up new investment opportunities, BDO is advancing sustainable progress.
Providing the Visayas with a Reliable Power Source. Uninterrupted electricity is supplied by KEPCO SPC Power Corporation to support regional business and industrial operations.
About BDO
BDO Unibank, Inc. (BDO) is a full-service universal bank which provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, life insurance, property & casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services. BDO has the country’s largest distribution network, with over 1,700 consolidated operating branches and more than 5,800 teller machines nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East. The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients. BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2024. For concerns, please visit any BDO branch near you or reach us through any of the channels listed in the Consumer Assistance page of our website: https://www.bdo.com.ph/consumer-assistance. For more information, please visit www.bdo.com.ph.
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