Advertisement

DMCI Power sales up by 20% in second quarter

Font Size

Sales of DMCI Power Corp. (DPC) rose by a fifth in the second quarter of 2018, driven by the demand for electricity in Palawan, Mindoro, and Masbate.

The power unit of listed conglomerate DMCI Holdings, Inc. said consolidated sales reached 79.93 gigawatt hours (GWh) in the April to June period, 20% higher than the 66.57 GWh it sold in the same period a year ago.

This brought DPC’s sales volume in the first half to 142.91 GWh, 19% higher than the 120.42 GWh seen in the first semester of 2017. Bulk of sales came from Palawan, accounting for 43%, while Masbate had 37% and Mindoro had 20%.

“The dramatic growth was principally due to the National Power Corporation, local government units and electric cooperatives, and their collective effort to address line issues in the missionary areas,” DPC President Nestor D. Dadivas was quoted as saying in a statement. — Arra B. Francia