3 months DMCI Power posts double-digit sales growth in first quarter MB |Biz
By James A. Loyola Off-grid energy player DMCI Power Corporation (DPC) reported a double-digit sales growth in the first quarter of 2019, with total volume sold reaching 76GWh from 63GWh during the same period last year. The firm said the 20 percent increase was driven by the strong take-up of Oriental Mindoro Electric Cooperative (ORMECO), Palawan Electric Cooperative (PALECO) and Masbate Electric Cooperative (MASELCO). Energy sales to ORMECO surged 39 percent from 11.39GWh to 15.87GWh mainly due to the rehabilitated 69kV transmission line from Calapan to Puerto Galera. “The National Power Corporation completed the rehabilitation of the transmission line in ... more