DMCI Power Records 17% Revenue Growth in Q1

DMCI Power Corp. (DPC), the energy arm of DMCI Holdings Inc. (PSE: DMC), posted double-digit composite sales growth of 17 percent in the first quarter of 2018, with volume reaching 63GWh from 54GWh generated in the same period last year.

Palawan recorded a sales volume of 28GWh, a 29 percent surge from 21GWh last year. Masbate and Oriental Mindoro both showed a 9 percent uptick in dispatch. From 22GWh, the total sales volume in Masbate increased to 24GWh while Mindoro saw its dispatch improve from 10GWh to 11GWh.

“The increasing electricity demand in our service areas is primarily driven by the growth in household consumption and entrepreneurial activities. This is supported by a reliable and adequate supply of electricity,” said DPC President Nestor D. Dadivas. “Our presence aids in sustaining the economic activities of these provinces.”

DPC was established in 2006 to provide sufficient and reliable electricity to areas that are not connected to the main transmission grid.

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