DMCI Power Corporation (DPC) achieved a significant milestone in 2024, delivering 491.2 gigawatt-hours (GWh) of energy, marking a 9% increase from the previous year.
This record growth was fueled by rising demand for energy in key regions including Palawan, Masbate, and Oriental Mindoro. Additionally, the successful full-year operations of the 15MW Palawan Thermal Power Plant, which began supplying power in August 2023, contributed significantly to the company’s performance.
The achievement represents DPC’s 14th consecutive year of record-breaking sales, underscoring its ongoing success since starting operations in Masbate in 2010.
“2024 was a breakthrough year for DMCI Power as we achieved record-high energy sales and ensured reliable operations across all our plants. The sustained growth in demand highlights our critical role in powering off-grid areas,” said DPC President Antonino E. Gatdula, Jr.
Looking forward, DPC plans to further expand its installed capacity by 27%, with 43MW worth of projects under development. Notably, the company’s first renewable energy venture, the 12MW Semirara Wind Project, is on track to begin commercial operations in early 2025. This project will provide renewable energy to support the mining operations on Semirara Island.
Additional projects include an 8MW bunker power plant in Aborlan, Palawan, set for completion in the first quarter of 2025, and another 8MW bunker power plant in Masbate, expected to be operational by the second quarter of 2025.
“DMCI Power remains committed to meeting the growing energy needs of off-grid areas. We were recently awarded contracts to supply 2MW in Antique and an additional 15MW in Palawan. Our ongoing and upcoming projects aim to deliver reliable and efficient energy solutions that support national progress,” Gatdula added.
As DMCI Power continues to expand its capacity and reach, the company remains dedicated to providing stable and efficient energy solutions, furthering its role in the development of off-grid regions across the Philippines.
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