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EDC enters lower-spend phase with P19-billion 2026 capex - BusinessWorld Online

Summary by bworldonline.com
By Sheldeen Joy Talavera, Reporter ENERGY Development Corp. (EDC) has set a capital expenditure (capex) budget of P19 billion for 2026, lower than this year’s allocation, as the company scales back drilling activities following several years of heavy investment in geothermal growth projects. Speaking on the sidelines of the 2025 Sustainable Energy Awards on Tuesday, EDC Senior Vice-President and Chief Financial Officer Erwin O. Avante said the c…

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EDC enters lower-spend phase with P19-billion 2026 capex - BusinessWorld Online

By Sheldeen Joy Talavera, Reporter ENERGY Development Corp. (EDC) has set a capital expenditure (capex) budget of P19 billion for 2026, lower than this year’s allocation, as the company scales back drilling activities following several years of heavy investment in geothermal growth projects. Speaking on the sidelines of the 2025 Sustainable Energy Awards on Tuesday, EDC Senior Vice-President and Chief Financial Officer Erwin O. Avante said the c…

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bworldonline.com broke the news in on Tuesday, December 16, 2025.
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