Maynilad Water Services, Inc. is making its largest capital investment ever this year since the privatization of water services in Metro Manila nearly three decades ago. In a statement, Maynilad said that the West Zone concessionaire is set to invest more than P31 billion this year in water and...
Filipino-led Citicore Renewable Energy Corporation (CREC) will fork out P35 billion worth of capital expenditures (capex) for this year, primarily to advance the completion and commercial operations of the first batch of its gigawatt-scale solar installations. In an interview with the media, CREC...
The magnitude of loans extended by the National Electrification Administration (NEA) to the electric cooperatives (EC) surpassed P1.0 billion mark last year, according to the government-owned agency. In a statement to the media, NEA emphasized that at least 28 electric cooperatives (ECs) availed of...
Government-run National Electrification Administration (NEA) reported that it extended P934.56-million worth of loans to at least 24 electric cooperatives (EC) as of end-October this year. The electrification agency emphasized that the released loans to ECs had been anchored on its Enhanced Lending...
The Energy Regulatory Commission (ERC) has indicated that transmission firm National Grid Corporation of the Philippines (NGCP) will still be allowed eventually to recoup costs relating to programmed capital expenditure (capex) projects that were disallowed in the partial rate-setting rendered by...
The allowable revenues of transmission firm National Grid Corporation of the Philippines (NGCP) had been pared by more than half to P183.491Billion, or lower by more than P204 billion from the company’s original claims of P387.803 billion as applied for under its fourth regulatory reset. In a...
Listed firm Shell Pilipinas Corporation is injecting additional capital for the ‘high grading’ of at least 50 mobility stations yearly that have already gone past their prime due to several decades of operations in servicing customers. According to Shell Pilipinas Vice President for Mobility...
The National Electrification Administration (NEA) has urged the country’s electric cooperatives (ECs) to adhere to the amended rules set forth by the Energy Regulatory Commission (ERC) on the approval of capital expenditures (capex) before key projects are implemented in their respective service...
As the Philippine economy steps up on its recovery journey from the scourge of the coronavirus pandemic, the National Electrification Administration (NEA) has extended credit facilities to electric cooperatives (ECs) that would the P1.2 billion-level approved last year. According to the...
Globe Telecom Inc. hit its largest annual investment for mobile and fixed networks last year, with a P101.4 billion capital expenditure (CAPEX), 9 percent above 2021 figures, the telco stated Friday, Feb. 17. Globe has allocated the majority, or 86 percent, of its total cash capex to data...
The Energy Regulatory Commission (ERC) has scheduled series of public hearings on the tariff adjustment of transmission system operator National Grid Corporation of the Philippines (NGCP) for its fourth regulatory reset covering the periods 2016-2020. The rate reset is a regulatory lag in the rates...
PLDT Inc. on Friday, Dec. 23, said it plans to borrow P35 billion to 45 billion in the next two years for "general corporate purposes, including, but not limited to, payment of capital expenditures (capex) and dividends". The telco confirmed President and Chief Executive Officer Alfredo S....
