Makati—(PHStocks)—Off-grid energy company DMCI Power Corp. (PSE: DMC) is building a 2×4.95MW bunker-fired power plant in Aborlan, Palawan to stabilize electricity supply in the franchise area of Palawan Electric Cooperative, Inc. (PALECO). The plant is expected to commence operations by year-end.
“We are investing approximately PhP600 million in Aborlan to address the continuing increase in electricity demand in the province due to the rise of local tourism and commercial establishments,” said DMCI Power President Nestor D. Dadivas.
Aborlan is a first class municipality located 69 kilometers south of Puerto Princesa City. Its population is estimated at over 32,000.
As of June 2016, only 5,400 of the 7,263 households in the municipality have electricity connections.
DMCI Power was established in 2006 to provide sufficient and reliable electricity to areas that are not connected to the main transmission grid.
Aside from Palawan, the company also provides power to Masbate, Calapan, Oriental Mindoro and Sultan Kudarat through supply contracts with electric cooperatives. To date, DPC has a total contracted capacity of about 56MW.