DMCI Power Q1 power sales volume grows 20%

By Lenie Lectura – May 31, 2019
from Business Mirror

SALES of off-grid power generator DMCI Power Corp. posted double-digit growth in the first quarter, on strong take-up of its electric cooperatives.

The company said total volume sold reached 76 gigawatt hours from 63 GWh last year, a 20-percent increase driven by the strong take-up of Oriental Mindoro Electric Cooperative (Ormeco), Palawan Electric Cooperative (Paleco) and Masbate Electric Cooperative (Maselco).

Energy sales to Ormeco surged 39 percent from 11.39 GWh to 15.87 GWh mainly due to the rehabilitated 69-kV transmission line from Calapan to Puerto Galera.   “The National Power Corp. completed the rehabilitation of the transmission line in May last year. Since then, we have been able to maximize the generation capacity of our power plant,” DMCI Power President Nestor D. Dadivas said.

Dispatch to Paleco rose 19 percent from 27.83 GWh to 33.21 GWh as tourist arrivals continued to boost energy consumption in the area.

The Provincial Tourism Office said Palawan tourist arrivals from January to March soared 20 percent to 1.16 million.

Meanwhile, strong economic activities in Masbate led to a 12-percent jump in dispatch to Maselco from 26.64 GWh from 23.76 GWh.

“We are confident that sales volume to our offtakers will continue to grow in the ensuing months of 2019,” Dadivas said.