PhilRatings said the score and the assigned outlook took under consideration several key concerns, along with the tune record and giant enjoy of HSI’s shareholders, management and technical employees; HSl’s incredibly strong profitability profile (its sole consumer is Davao Light and Power Corporation or DLPC); wholesome margins; and healthful liquidity and capital role to carrier its proposed debt issuance.
HSI is a special reason enterprise tasked to expand, construct and operate 3 run-of-river hydroelectric energy plants in Barangay Sibulan, Sta. Cruz, Davao del Sur, harnessing water from the Sibulan River and Baroring Creek which runs via Mt. Apo and different adjacent mountains.
It operates the following power plant life: the 16.5-megawatt Sibulan Hydro A; the 26-MW Sibulan Hydro B; and the 6.6-MW Tudaya Hydro 1 for a total capacity of forty nine.1 MW.
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