DMCI unit energy sales up 7%

January 15, 2024

Off-grid electricity provider DMCI Power Corp. (DPC) said on Monday it posted a 7-percent increase in energy sales in 2023, climbing from 426 gigawatt hours (GWh) to 454GWh.

This growth marks the 11th consecutive quarter of rising sales for DPC, a subsidiary of conglomerate DMCI Holdings Inc., which has a strategic focus on expanding access to electricity in underserved and non-serviced areas.

“Our sales have grown steadily for 11 consecutive quarters because of solid demand and our targeted investments in underserved and unserved areas, reflecting our dedication to missionary electrification,” said DPC President Antonino E. Gatdula, Jr.

Palawan emerged as DPC’s largest market in 2023, accounting for 44 percent of total sales volume. This is a notable change from previous years when Masbate held this position.

Palawan’s energy sales rose by 12 percent from 179GWh to 200GWh, fueled by both an increase in capacity and a spike in demand, linked to the rise in tourism. This growth coincided with the inauguration of DPC’s P1.5-billion thermal power plant in Palawan in August.

Masbate, still a significant market for DPC at 34 percent, saw a 5-percent increase in energy dispatch, from 148 GWh to 156 GWh, due to enhanced demand and plant availability.

However, in Oriental Mindoro, sales fell by 2 percent to 97GWh from 99GWh. This reduction is attributed to the growing presence of renewable energy sources in the area. Oriental Mindoro accounts for 22 percent of the company’s energy sales.

Lorenz S. Marasigan – Business Mirror January 9, 2024

https://businessmirror.com.ph/2024/01/09/dmci-unit-energy-sales-up-7/