Davao Light hikes spending budget for this year–exec

Davao Light and Power Co., Inc. (Davao Light), the country’s third-largest electric distribution utility, is earmarking a capital expenditure (capex) budget of P2.4 billion for this year, higher than last year’s P2 billion. “We usually spend P1.5 billion to P1.6 billion prior to the pandemic. Last year, it was close…

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