Off-grid energy player DMCI Power Corporation (DPC) posted double-digit sales growth in the first nine months of 2018, with volume reaching 226GWh from 181GWh the previous year. Higher power demand and dispatch across all operating segments accounted for the 25 percent improvement.

Energy sales to Palawan Electric Cooperative (PALECO) registered unprecedented growth at 39 percent, rising to 96.35GWh from 69.32GWh for the same period last year.

Oriental Mindoro Electric Cooperative (ORMECO) power sales grew 24 percent from 38.38GWh to 47.61GWh while dispatch to Masbate Electric Cooperative (MASELCO) advanced 11 percent from 73.73GWh to 81.99GWh.

“The continued economic growth and booming tourism industry across all operating segments coupled with our reliable operations and effective partnership with the off-takers accounted for the dramatic increase in our power sales,” said DPC President Nestor D. Dadivas.

Despite the record sales in all operating segments, DPC consolidated net income stood at P337 million, 4 percent higher from last year’s reported P325 million. This was primarily due to a reduced provisional tariff rate for its Aborlan bunkerfired power plant.

“We are hopeful that our pending Motion for Recomputation with the Energy Regulatory Commission (ERC) will be taken up soon now that ERC has a full set of commissioners. Meanwhile, DPC is committed to sustain the economic growth of these missionary areas by supplying reliable energy to meet the power demand required by the cooperatives,” Dadivas added.

DPC was established in 2006 to provide sufficient and reliable electricity to areas that are not connected to the main transmission grid. Its off-takers include MASELCO, ORMECO, PALECO and Sultan Kudarat Electric Cooperative.