J-Power to join Markham in development of Hydro projects in Mindanao, Philippines

Markham Resources Corporation (Markham) has secured a co-investment and operations partnership with Japan’s Electric Power Development Co., Ltd (J-Power) for two hydro-electric projects in Mindanao, Philippines. Tribe Infrastructure Group acted as the sole financial advisor to Markham on the sale process.
December 9, 2022

J-POWER will acquire 40% of the shares of Lake Mainit Hydro Holdings Corporation (LMHHC) and Bukidnon Hydro Energy Corporation (BHEC) in a transaction that marks J-Power’s further commitment to the Philippines power sector. J Power is a leading international energy generation business with over 60 years of experience and a diversified fleet of 26.6GW of installed power generation capacity.

Tribe Infrastructure Group is an independent infrastructure financial advisor and project developer headquartered in Abu Dhabi and regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market. Tribe’s advisory and development solutions are designed to advance critical infrastructure needs of governments and the private sector, with a focus on providing sustainable solutions that enhance energy security and support the advancement of the communities in which it operates.