RASLAG CORP. is allocating up to P3 billion in capital expenditures (capex) this year, mainly for the development of its 140-megawatt (MW) solar and 100-megawattRASLAG CORP. is allocating up to P3 billion in capital expenditures (capex) this year, mainly for the development of its 140-megawatt (MW) solar and 100-megawatt

Raslag to spend up to P3 billion on Nueva Ecija project this year

RASLAG CORP. is allocating up to P3 billion in capital expenditures (capex) this year, mainly for the development of its 140-megawatt (MW) solar and 100-megawatt-hour battery energy storage project in Liwayway, Nueva Ecija.

“At the moment, it can be around P2 billion to P3 billion, depending on the flow with the permits,” Raslag Chief Finance Officer Karl Geo D. Origeneza told reporters on the sidelines of Energyear Philippines 2026 on Wednesday.

He said this year’s capex will cover the importation of solar panels and land conversion costs, a significant increase from last year’s P500-million budget, which was mostly spent on land acquisition.

Raslag aims to roll out the Liwayway project and reach its testing and commissioning phase by the fourth quarter of 2027, Mr. Origeneza said.

The company is also exploring expansion beyond Luzon, Raslag President and Chief Executive Officer Robert B. Nepomuceno said. “We’re also looking at expanding outside Luzon,” he added.

Raslag develops, owns, and operates utility-scale solar power plants and currently has a total installed capacity of 77.844 MW from four facilities in Pampanga.

The company targets a renewable energy portfolio of at least 1,000 MW by 2035. — Sheldeen Joy Talavera

Market Opportunity
Battery Logo
Battery Price(BATTERY)
$0.0001104
$0.0001104$0.0001104
-5.64%
USD
Battery (BATTERY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

NGP Token Crashes 88% After $2M Oracle Hack

NGP Token Crashes 88% After $2M Oracle Hack

The post NGP Token Crashes 88% After $2M Oracle Hack appeared on BitcoinEthereumNews.com. Key Notes The attacker stole ~$2 million worth of ETH from the New Gold Protocol on Sept.18. The exploit involved a flash loan that successfully manipulated the price oracle enabling the attacker to bypass security checks in the smart contract. The NGP token is down 88% as the attacker obfuscates their funds through Tornado Cash. New Gold Protocol, a DeFi staking project, lost around 443.8 Ethereum ETH $4 599 24h volatility: 2.2% Market cap: $555.19 B Vol. 24h: $42.83 B , valued at $2 million, in an exploit on Sept 18. The attack caused the project’s native NGP token to crash by 88%, wiping out most of its market value in less than an hour. The incident was flagged by multiple blockchain security firms, including PeckShield and Blockaid. Both firms confirmed the amount stolen and tracked the movement of the funds. Blockaid’s analysis identified the specific vulnerability that the attacker used. 🚨 Community Alert: Blockaid’s exploit detection system identified multiple malicious transactions targeting the NGP token on BSC. Roughly $2M has been drained. ↓ We’re monitoring in real time and will share updates below pic.twitter.com/efxXma0REQ — Blockaid (@blockaid_) September 17, 2025 Flash Loan Attack Manipulated Price Oracle According to the Blockaid report, the hack was a price oracle manipulation attack. The protocol’s smart contract had a critical flaw; it determined the NGP token’s price by looking at the asset reserves in a single Uniswap liquidity pool. This method is insecure because a single pool’s price can be easily manipulated. The attacker used a flash loan to borrow a large amount of assets. A flash loan consists of a series of transactions that borrow and return a loan within the same transaction. They used these assets to temporarily skew the reserves in the liquidity pool, tricking the protocol into thinking the…
Share
BitcoinEthereumNews2025/09/18 19:04
CZ Defends HODL Strategy Amid Backlash, Yi He’s 94% BNB Allocation Revealed

CZ Defends HODL Strategy Amid Backlash, Yi He’s 94% BNB Allocation Revealed

The post CZ Defends HODL Strategy Amid Backlash, Yi He’s 94% BNB Allocation Revealed appeared on BitcoinEthereumNews.com. Zach Anderson Jan 29, 2026 10:00 Binance
Share
BitcoinEthereumNews2026/01/30 09:19
Nvidia shares fall 3%

Nvidia shares fall 3%

The post Nvidia shares fall 3% appeared on BitcoinEthereumNews.com. Home » AI » Nvidia shares fall 3% Chipmaker extends decline as investors continue to take profits from recent highs. Photo: Budrul Chukrut/SOPA Images/LightRocket via Getty Images Key Takeaways Nvidia’s stock decreased by 3% today. The decline extends Nvidia’s recent losing streak. Nvidia shares fell 3% today, extending the chipmaker’s recent decline. The stock dropped further during trading as the artificial intelligence chip leader continued its pullback from recent highs. Disclaimer Source: https://cryptobriefing.com/nvidia-shares-fall-2-8/
Share
BitcoinEthereumNews2025/09/18 03:13