EDC trims 2026 capital spending budget to P19B

MANILA, Philippines – Geothermal energy giant Energy Development Corp. (EDC) has set a capital expenditure (capex) budget of about P19 billion for 2026, marking a step-down from the heavy spending of the past two years. In an ambush interview on Tuesday, EDC chief finance officer Erwin Avante said the lower capex reflected a shift from