Raslag allots P3 billion for 2026 spending

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January 23, 2026 | 12:00am

MANILA, Philippines — Raslag Corp., the renewable power arm of the Nepomuceno Group, is setting aside up to P3 billion in capital expenditures this year to fuel its growth and expansion plans.

“It can be around P2 billion to P3 billion depending on the flow of the permits,” Raslag chief financial officer Karl Geo Origeneza said on the sidelines of the 2026 Energyear Philippines.

This year’s target capex is significantly higher than the P500 million budgeted in 2025.

While the budget is still under review, Origeneza said it would mainly be used to prepare for the construction of a large-scale solar farm equipped with a battery energy storage system (BESS) in Nueva Ecija.

Raslag Liwayway, which consists of a 140-megawatt-direct current solar plant and 100-MW-hour BESS, is scheduled to undergo testing and commissioning by the fourth quarter of 2027.

“That’s the initial plan. Hopefully, we still get to follow that timeline,” Origeneza said.

He also said that the company is open to welcoming more potential partners for the project.

Earlier, the company tapped Greencity Energy Philippines Inc. (GCE) as owner’s engineer for Raslag Liwayway.

As a technical partner, GCE is expected to support project development, design review, procurement, construction, testing and commissioning as well as operations and maintenance transition.

Currently, Raslag operates four solar assets with a combined capacity of 77.84 MW across Pampanga. It aims to achieve at least 1,000 MW of capacity over the next decade.

Raslag president and CEO Robert Nepomuceno said the company is seeking to secure service contracts that were previously terminated by the government due to nonperformance.

Recently, the Department of Energy launched a sweeping crackdown, terminating more than 160 contracts tied to projects that failed to materialize over the past two years.

Asked about expansion plans, Nepomuceno said Raslag is also setting its sights on developing projects outside Luzon.