House of Investments Inc. (HI), Yuchengco Group’s investment arm, is rolling out a P22-billion capital spending plan over the next two years to expand its energy, property, and education businesses.
The company said on Wednesday that Petro Energy Resources Corp. will get P9.3 billion for renewable energy projects through subsidiary PetroGreen Energy, with P4.5 billion to be spent this year and P4.8 billion in 2026.
Education arm iPeople Inc. is set to receive P5.3 billion over two years, 82 percent of which will fund campus expansion to support enrollment growth and new program offerings, while the rest will go to technology upgrades.
HI will spend P4.2 billion on property developments, mainly to complete The Yuchengco Centre into a mixed-use office-commercial complex with sustainable design, green architecture, and public spaces.
Its planned joint venture with Lima Land Inc. for Tarlac Terra Ventures Inc. will not require significant spending yet pending regulatory approvals.
The company has also allotted P2 billion for information technology investments to improve competitiveness, operational efficiency, and security.
“Our investment roadmap is more than just a capex plan that channels resources for strategic and long-term value creation,” HI president and CEO Lorenzo Tan said.
“We are strengthening our portfolio to align with the Yuchengco Group’s commitment to future-proof our stakeholders and remain catalysts for nation-building and sustainable growth,” he added.