DMCI Power invests P3.5 billion power projects in 6 years

dmci-power-invests-p3-5-billion-power-projects-in-6-years

DMCI Power Corp. has invested a total of P3.5 billion worth of power projects in their missionary areas in the last six years.

These investments since 2010 cover four small – scale diesel and bunker fired facilities in Masbate (July 2010), Palawan (December 2012), Oriental Mindoro (2016) and in Sultan Kudarat (January 2016), DMCI Power president Nestor Dadivas said.

Even with small capacities, these plants are enough to provide power in their respective missionary areas, Dadivas said.

Davidas added that the company is looking to participate in more auctions to provide power in off-grid areas like Marinduque – for a 10 MW facility, and Lubang, Mindoro – for a 3 – 5 MW power project,

“We have been investing heavily in these far-flung areas the past couple of years because we believe in their growth potential. Now we are posting double-digit growth because of our investments,” he said.

This year, the company is spending another P620 million in building a 2×4.95 megawatt bunker – fired power plant in Aborlan, Palawan – which is expected to go online by the end of the year.

The off – grid company will also begin the operations of its P900 million 3.6.3 MW bunker – fired power plant in Irawan, Puerto Princesa by late 2017.

Meanwhile, DMCI’s affiliate Semirara Mining and Power Corp (SMPC) is looking to fill about 900 positions in supporting the site rehabilitation of the Panian Pit and the commercial operation of the Molave and Narra mines.

SMPC also need additional safety, mechanical, civil works, geodetic and maintenance personnel for its expanded operations.

“We will prioritize the hiring of qualified applicants from the host community. If there are residents who need additional training in order to qualify, we can also help with that,” SMPC president and COO Victor Consunji said.

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