Try GOLD - Free
Filinvest gears up to triple power business
The Philippine Star
|August 10, 2024
Gotianun-led Filinvest Development Corp. is charting a course to grow its power business in the long term, with renewables at the forefront of the expansion.
FDC Utilities Inc. (FDCUI), the power arm of the Filinvest Group, wants to achieve a generating capacity of 1,350 megawatts by 2033, more than triple the current capacity of 411 MW.
Filinvest said about 71 percent of the additional capacity would come from renewable energy (RE).
“This will support the country’s economic development and build its resiliency against unexpected adverse changes in the supply of energy,” FDCUI president and CEO Juan Eugenio Roxas said.
The company’s expansion fits well with the government’s target of increasing RE share in the power generation mix to 35 percent by 2030, 50 percent by 2040 and over 50 percent by 2050.
This story is from the August 10, 2024 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
Right to information
HIDDEN AGENDA
4 mins
November 02, 2025
The Philippine Star
Survivors still reckon with Duterte’s drug war
Joel Ejorcadas and Marlon Pepito Jr. stayed for hours at the shrine dedicated to the victims of former president Rodrigo Duterte’s bloody drug war, with candles lit in memory of their murdered kin.
3 mins
November 02, 2025
The Philippine Star
DMW: Malaysian firm hikes pay of domestic workers
An employment firm in Malaysia is the first to implement a Department of Migrant Workers memorandum increasing the salary of Filipino domestic workers to $500, the DMW disclosed.
1 min
November 02, 2025
The Philippine Star
Post-holiday traffic seen on NLEX
Motorists returning south after spending Undas in their hometowns in the north have been advised to use the NLEX Connector to help ease the expected traffic buildup along the Bulacan segment of the North Luzon Expressway.
1 min
November 02, 2025
The Philippine Star
Dutch centrist Jetten claims election win
Dutch centrist leader Rob Jetten on Friday claimed victory in a knife-edge election over far-right head Geert Wilders, saying his surprise success showed populist movements could be beaten in Europe.
1 mins
November 02, 2025
The Philippine Star
Fil-Ams called to explore Phl flavors in 2026 tour
Filipino-Americans are encouraged to savor the flavors of the country as the Philippine consulate general in New York launched the newest edition of one of the most sought-after tours for Filipinos living overseas.
1 min
November 02, 2025
The Philippine Star
ACT-Bicol backs Vice Ganda's remark on Sorsogon school
The Alliance of Concerned Teachers (ACT)-Bicol Union yesterday expressed support to a statement of Vice Ganda about a “decaying” elementary school in Sorsogon.
1 min
November 02, 2025
The Philippine Star
Louvre to get anti-intrusion barriers by year end
The Louvre will install streetside anti-intrusion and anti-ramming devices in the next two months, France’s culture minister said on Friday after a high-profile heist at the famed museum reignited debate over its security.
1 min
November 02, 2025
The Philippine Star
Mental health crisis hotline receives 7,189 suicide-related calls
The National Center for Mental Health crisis hotline has received 7,189 suicide-related calls from January to September this year, the NCMH reported.
1 min
November 02, 2025
The Philippine Star
DHSUD sets deadline for socialized housing compliance
The Department of Human Settlements and Urban Development has given real estate developers flagged for violation of Republic Act 10884, particularly on the socialized housing provision, until Dec. 31 to comply with their undertakings, the DHSUD said.
1 mins
November 02, 2025
Listen
Translate
Change font size