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Article: Philippines: Alsons bio-fuel project eyes IFC.

Article from:
TendersInfo
Article date:
March 5, 2009
Copyright

Byline: Mamta03

Alsons Consolidated Resources Inc., a holding company owned by the Alcantara family, plans to tap International Finance Corp., the investment arm of World Bank, to partially fund its P2.3-billion bio-ethanol project in Bukidnon.

Alsons president Tomas Alcantara told reporters that the company might qualify for IFC funding because of the project s location in Mindanao, a priority area of the World Bank unit. Alsons project is also energy-related, another priority sector of IFC.

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