Repower Energy Development Corporation (REDC) posted a 31.8% year-on-year increase in net income for the first quarter of 2025, reaching PHP 92.5 million from PHP 70.1 million in the same period last year.
The strong financial performance was driven by a 52.66% drop in operating expenses and a 6.1% increase in electricity sales. REDC attributed the lower costs to streamlined operations and minimal disruptions during the quarter, which reduced the need for plant maintenance and repairs.
The improvement in energy sales reflects the company’s continued efforts to maximize plant performance and maintain operational efficiency across its hydropower portfolio.
REDC currently operates eight run-of-river hydropower plants across Luzon with a total installed capacity of 17.354 megawatts (MW). The company is expanding its footprint with multiple additional projects in the pipeline.
One major development is the 15MW Pulanai Hydropower Plant in Bukidnon, a PHP 4 billion investment set to launch in the third quarter of 2025—three months ahead of schedule. Once operational, the Pulanai plant is expected to double REDC’s current generation capacity, significantly expanding its contribution to the country’s renewable energy supply.
The project marks REDC’s largest facility to date and is seen as a milestone in its push to build scalable and sustainable clean energy infrastructure in underserved regions.
REDC’s strategy combines early project delivery with efficient asset management, positioning the company for continued growth amid rising demand for reliable renewable power.
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