BRIEF-Solar Philippines Nueva Ecija Corp Is Firming Up Plans For The Development Of 10 GW Of Solar Projects

Jan 25 (Reuters) – Solar Philippines Nueva Ecija Corp:

• CO IS FIRMING UP PLANS FOR THE DEVELOPMENT OF 10 GW OF SOLAR PROJECTS

• PLANS TO COMPLETE FORMING JVS FOR ITS 10 GW OF SOLAR PROJECT DEVELOPMENTS WITHIN 2022

• EXPANSION DEVELOPMENTS ARE LOCATED PRIMARILY IN THE PROVINCES OF NUEVA ECIJA, BATANGAS, BULACAN, AND TARLAC

• PLANS TO COMPLETE FORMING JVS WITH ITS INTEREST IN PROJECTS SUBJECT TO POTENTIAL ASSET-FOR-SHARE SWAPS WITH SPNEC

• DEVELOPMENT OF 10 GW OF SOLAR PROJECTS WOULD BE ENABLED BY ASSET-FOR-SHARE SWAPS WITH ITS PARENT, SOLAR PHILIPPINES

• TO SUPPORT DEVELOPMENT OF SOLAR PROJECTS, SPNEC MAY CONDUCT POSSIBLE STOCK RIGHTS OFFERING, AND FORM JVS

Source text for Eikon: ID:nPSX3gg00C

Further company coverage: SPNEC.PS

((Reuters.Briefs@thomsonreuters.com;))