Roxas unveils P3.5B capex
Roxas & Co Inc., the listed holding company of the Roxas Group, plans to spend P3.5 billion over the next 18 months to purse new ventures, especially in the renewable energy and agri-export businesses.
RCI president Pedro de Roxas in an interview at the sidelines of the annual stockholders’ meeting said the company was laying the groundwork for its renewable energy business. The company plans to build a portfolio of 100 megawatts of solar over the long-term period.
Slated for completion by the middle of 2016 is the company’s first 30-MW solar power in Nasugbu, Batangas. Roxas said the company would start construction of another 20-MW plant for completion by late 2017.
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