I like this bit.
EWC executed financing documentation (Omnibus Loan and Security Agreement) referred to as the "Philippines Power Facility" for the first phase (400MW) of the 650MW LNG Fired Combined Cycle Power Plant in Pagbilao, Philippines, for the amount of PHP 6.75 billion (equivalent to approximately US$142 million) on 18 September 2015. A number of conditions precedent must be satisfied prior to initial draw down being made. EWC expects to complete all conditions precedent and be in a position to draw down the full facility by March 2016.
We are now in March 2016 and hopefully a draw down has taken place.
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