Danessa Rivera (The Philippine Star)
- March 20, 2018 - 12:00am
MANILA, Philippines — DMCI Power
Corp. (DPC), the off-grid power producer of the Consunji Group, is earmarking
P160 million to purchase seven diesel generating sets as it expects increased
demand in Masbate and Palawan.
In a disclosure to the Philippine
Stock Exchange, DMCI Power said the additional gensets would have a total
capacity of 11.2 megawatts (MW).
This raises the company’s generation
capacity in the two missionary areas to 90 MW, a 14 percent improvement from
last year.
“We are expecting a significant
increase in power demand in our host provinces this year. We want to ensure
that DPC will have reliable power generators to supply our consumers with
continuous, sufficient and dependable electricity,” DPC president Nestor
Dadivas said.
In 2017, total energy sales of DPC
increased four percent from 237.85 gigawatt-hours (gwh) to 247.06 gwh, with
growth coming mostly from Masbate and Palawan.
However, the company’s net income
declined 15 percent from P424 million to P359 million, primarily due to the
expiration of its income tax holiday for its Masbate operations.
DPC was established in 2006 to
provide sufficient and reliable electricity to areas that are not connected to
the main transmission grid.
A wholly owned unit of DMCI Holdings
Inc., it operates and maintains bunker-fired power plants and diesel generating
sets in parts of Masbate, Oriental Mindoro, Palawan and Sultan Kudarat.
From 2010 to 2016, DPC has invested
P3.5 billion worth of power projects in missionary areas, covering four
small-scale diesel and bunker-fired facilities in Masbate (July 2010), Palawan
(December 2012), Oriental Mindoro (2016) and Sultan Kudarat (2016).
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