Manila Water Co. reported that it expanded capital expenditures last year by 28 percent to P13.7 billion from the record P10.7 billion spent in 2020 despite the continued challenges posed by the COVID-19 pandemic. “This is the highest CapEx record since the privatization of water service in the...
To prop funding for its robust investment pipeline, Ayala-led ACEN Corporation will be tapping P30.5 billion in additional loans. As disclosed to the Philippine Stock Exchange (PSE), the targeted loan procurements approved by the board of directors of ACEN in their regular meeting last March 8 will...
Meralco sets P110-B capital spending By MYRNA M. VELASCO Power utility giant Manila Electric Company (Meralco) is allocating capital spending of up to P110 billion for renewable energy (RE) facilities, electric vehicles (EVs) and other projects’ buildup that will underpin its sustainability...
Citicore sets P70-B capital outlay By MYRNA M. VELASCO Citicore Renewable Energy Corporation (CREC) will be injecting capital outlay of P70 billion for the 1,500-megawatt renewable energy (RE) capacity buildup that it will be implementing over the next five years. In a briefing with the media, CREC...
DITO Telecommunity, the country's third telco player, is coughing out over P50 billion to rollout its network this 2022, chief administrative officer Adel Tamano announced. "We’re spending more than P50 billion, (from the original P27 billion for third year operations) and funding (from debt and...
Power utility giant Manila Electric Company (Meralco) will inject massive investments of P180 billion for ‘clean energy projects’ that will become the anchor to its long-term sustainability agenda and ‘net zero’ goals. Meralco President and CEO Ray C. Espinosa disclosed in a briefing with...
Listed firm Aboitiz Power Corporation had cast capital outlay of P190 billion that it will funnel to diverse renewable energy (RE) projects and up for implementation within a period of 10 years. For that scale of spending on greenfield projects, the company emphasized that its RE capacity under its...
Garcia-led Vivant Energy Corporation will be funneling fresh capital outlay of P5.0 billion for expansion projects to be concretized until 2023 and targeted both in the renewable energy space and on continued development of conventional power technologies. Emil Andre M. Garcia, executive vice...
The Energy Regulatory Commission (ERC) has set a series of public hearings on the P17.815 billion worth of batch 2 capital expenditure (capex) projects of transmission firm National Grid Corporation of the Philippines. In a notice to relevant parties, the regulatory body announced that the virtual...
Power utility giant Manila Electric Company (Meralco) has spent its P20.8 billion worth of capital expenditure (capex) undertakings last year with the completion of electric and non-electric projects. According to Meralco, the firm’s capital spending last year was higher by 3.0-percent versus...
The Department of Transportation (DOTr) is tripling its capital expenditure for 11 big-ticket railway infrastructure from P90.756 billion this year to P278.3 billion in 2022, at the end of the Duterte administration, with 8 projects either completed or partially operational. The railway...
Nickel miner Marcventures Holdings, Inc. (MHI) had set aside a combined amount of nearly P2.8 billion to get at least three new mining ventures going, two of which are in Samar while the other one is in Surigao, a top company official said. MHI President Isidro Alcantara, Jr. said in a virtual...
