Published
November 30, 2016, 10:01 PM By Myrna M. Vealsco
The progressive city of
Puerto Princesa in Palawan will soon be in a safer zone when it comes to
electricity supply with the scheduled commercial commissioning of the
18.9-megawatt bunker-fired power plant installed by DMCI Power Corporation of
the Consunji group.
The company told media
that the facility, comprising of three units at 6.3MW capacity each, will be
on-line latter part of 2017. The company injected P900 million worth of
investments for the plant.
Another power facility
in Aborlan, Palawan will also be on-line by the end of this year, the company
said.
DMCI Power forked out a
separate P620-million capital outlay to build its two-unit bunker-fired power
plant in the Aborlan site. The installed capacity per unit had been at 4.95MW.
On blueprint, the
off-grid power investment arm of the Consunji group had cast 55 megawatts of
aggregate installed capacity to address the needs of various local cooperatives
in remote areas.
That scale of
installations commanded total investment of P3.5 billion, according to the
company. These facilities had been or are being developed in Masbate, Palawan,
Oriental Mindoro and Sultan Kudarat.
DMCI Power President
Nestor D. Dadivas said “we have been investing heavily in these far-flung areas
the past couple of years because we believe in their growth potential.”
Such flurry of
investments, he said, yielded positive outcome both in the company’s energy
sales, thus, boosting top line and bottom line figures.
“Now, we are posting
double digit growth because of our investments,” Dadivas said, apparently
referring to their rising energy sales.
Notably, the company’s
electricity sales had gone up 19 percent to 183.43 gigawatt hours (GWh) from
the year-ago level of 154.17GWh.
“Robust sales fueled a
12 percent improvement in the company’s bottom line from P305 million to P342
million,” DMCI Power noted. (MMV)
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