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ACEN allots P70 B for capex in 2025
The Philippine Star
|December 23, 2024
Ayala-led ACEN Corp. is allocating P70 billion in capital expenditure (capex) next year to fuel its growth and further strengthen its renewable energy portfolio.
"In 2025, we expect to spend roughly P70 billion," company president and CEO Eric Francia said.
As previously disclosed, ACEN earmarked around P72 billion this year to support its domestic and international operations.
However, the company is likely to have utilized only around 69 percent of its capex budget this year.
"We are forecasting P50 billion in capex across all geographies for FY (fiscal year) 2024," Francia said.
Denne historien er fra December 23, 2024-utgaven av The Philippine Star.
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