DMCI Power Corp., a unit of the Consunji Group, will spend around P1 billion to construct a 15-megawatt bunker fuel power plant to supply the requirements of Oriental Mindoro Electric Cooperative Inc.
DMCI Power president Nestor Dadivas said Wednesday the company signed an agreement with Ormeco to deliver electricity from the bunker plant for 20 years.
“Target commissioning date is December 2014. Budget is approximately P1 billion,” Dadivas said.
The official said the construction cost was inclusive of the expenses for land and other pre-development spending, including interest and permit.
Ormeco earlier awarded the supply contract to DMCI and issued the notice to proceed to the power company.
Ormeco serves the power requirements of Oriental Mindoro, which has experienced significant economic growth driven by the tourism industry.
DMCI Power earlier won the bid to supply power to National Power Corp. to energize one of the country’s prime tourist destinations in El Nido, Palawan.
DMCI Power bagged the contract after offering a bid of P9 million covering nine months from March 19, 2013.
“DMCI is now supplying one megawatt to El Nido via rental agreement with Napocor for nine months, boosting Palawan’s primary industry—tourism,” Dadivas said. source
“Target commissioning date is December 2014. Budget is approximately P1 billion,” Dadivas said.
The official said the construction cost was inclusive of the expenses for land and other pre-development spending, including interest and permit.
Ormeco earlier awarded the supply contract to DMCI and issued the notice to proceed to the power company.
Ormeco serves the power requirements of Oriental Mindoro, which has experienced significant economic growth driven by the tourism industry.
DMCI Power earlier won the bid to supply power to National Power Corp. to energize one of the country’s prime tourist destinations in El Nido, Palawan.
DMCI Power bagged the contract after offering a bid of P9 million covering nine months from March 19, 2013.
“DMCI is now supplying one megawatt to El Nido via rental agreement with Napocor for nine months, boosting Palawan’s primary industry—tourism,” Dadivas said. source
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