Aboitiz power utility in Davao sees bright prospects in 5 years

By Danessa Rivera – May 21, 2019 – 12:00am
from The Philippine Star

MANILA, Philippines — Davao Light and Power Co., a unit of Aboitiz Power Corp., sees bright prospects in its franchise area in the next three to five years as businesses continue to expand in the region.

Davao Light has projected its peak demand to grow from 421 megawatts (MW) in 2018 to 546 MW by 2023.

It attributed the demand growth to the expansion of real estate businesses, huge universities, commercial complexes, and business process outsourcing offices.

“We expect to serve more customers from these industries this year, especially in light of the government’s Build Build Build program. The construction boom in the city is a win-win for all sectors,” Davao Light president and chief operating officer Rodger Velasco said.

Among the big customers coming in between 2019 and 2021 are several residential buildings, a hotel, a business park, a multipurpose indoor arena, a factory, and schools.

This year, Davao Light’s franchise area will welcome two manufacturers, a mall, a food complex, a business park, and real estate development.

Meanwhile, the utility firm also sees an increase in annual megawatt-hour (MWh) sales from 2.47 million MWh in 2018 to 3.14 MWh in five years.

By 2023, Davao Light also estimates to grow its customer base to 504,911 customers from 404,574 last year.