DMCI power posts record sales

By James A. Loyola – March 17, 2019, 10:00 PM
from Manila Bulletin

Off-grid electricity supplier DMCI Power Corporation (DPC) reported a record sales volume for 2018, growing 25 percent from 247 gigawatt hours (GWh) to 308 GWh.

In a statement, the firm said stronger power demand across its key operating areas coupled with improved distribution and transmission line systems accounted for the double-digit growth.

“The six-month closure of Boracay positively affected Palawan and Oriental Mindoro, which are known secondary tourism spots in the Philippines. Higher tourist arrivals generated more economic activities in these areas,” said DMCI Power president Nestor D. Dadivas.

Palawan sales showed the strongest growth at nearly 34 percent from 98 GWh to 131 GWh while Masbate energy sales reached 111 GWh, a 12 percent increase from 99 GWh in 2017.

Registering the second highest percentage growth in 2018 was Oriental Mindoro with 66 GWh in sales, a 32 percent jump from 50 GWh the year before.

In Sultan Kudarat, where DMCI Power operates as a back-up or reserve power provider, sales volume was flat at 170 MWh from 140 MWh in 2017.

On a standalone basis, DMCI Power’s net income surged 30 percent year-on-year from P359 million to P465 million.