DAVAO CITY—Davao Light and Power Co. Inc. is looking at capital expenditure of P2.4 billion in 2024 as it undertakes
Davao Light president and chief operating officer Rodger Velasco said about P200 to P250 million of the capex would be spent for underground cabling.
The underground cabling project aims to upscale the image of Davao as an internationally competitive city and enhance the safety and reliability of power and telecommunication services not only in the Kadayawan route, but also in the central business district.Davao Light’s capex was about P1.5 billion to P1.6 billion annually prior to the pandemic.
“Last year, capex was close to P2 billion. We ramped up starting last year. We’re going full blast. The challenge is capacity so we are upgrading capacity,” he said. Davao Light is a subsidiary of Aboitiz Power Corp., the holding company for the Aboitiz Group’s investments in power generation, distribution and retail electricity services. Alena Mae S. Flores
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Davao City expects to get rid of overhead wires, cables by 2029DAVAO CITY—Davao Light & Power Company Inc. said Friday it working to complete the city’s underground cabling project to get
Read more »
Murder raps filed vs laborer who killed woman, 19, from Panabo CityCEBU CITY – A murder complaint was filed against the construction worker who admitted killing a 19-year-old woman from Panabo City, Davao del Norte here last month.
Read more »
TOYOTA GAZOO Racing Festival happening this August 23-24Get ready for heart-pounding excitement at the TOYOTA GAZOO Racing (TGR) Festival 2023 on August 23 and 24 at the
Read more »
SM helps get schools ready for SY 2023-24Employees and volunteers from SM Malls in Grand Central, Sangandaan, and Valenzuela trooped to public schools in Camanava area to
Read more »
OPAMINE seeks infrastructure sanctuary in DavaoDAVAO CITY – Office of the Presidential Assistant for Mindanao-Eastern (OPAMINE) Leo Tereso A. Magno on August 17, Thursday, asked the assistance of the Philippine Institute of Architects (PIA)-Davao Sector in the creation of an attractive infrastructure sanctuary in the Davao region.
Read more »
Sara underscores value of reading at a book festival in Davao CityVice President and Education Secretary Sara Duterte emphasized the value of reading at the opening of the Philippine Book Festival at SM Lanang Premier’s SMX Convention Center, which opened on Friday. “Books and other related reading materials could change lives. And through books and other rela
Read more »